Friday, 29 August 2014
Last updated 10 hours ago
Sep 27 2011 | 1:08pm ET
Indian billionaire Anil Ambani may sell another stake in his Reliance Capital's fund management business.
Ambani, who sold a 5% stake in Reliance Capital Asset Management to hedge fund Eton Park Capital Management four years ago, is now in talks to sell one to Nippon Life Insurance Co. "Definitive news" on a deal is expected soon, Bloomberg News reports.
Ambani is seeking to reduce his empire's debt—which stands at US$15 billion—as he plans a banking foray to compete with his estranged brother's business empire. Proceeds from the Reliance Asset sale would used to pay down debt.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...