Friday, 19 September 2014
Last updated 16 hours ago
Oct 3 2011 | 12:58pm ET
Structured Portfolio Management, which enjoyed big returns in its flagship in 2009 and last year, has launched a new fund.
The mortgage specialist opened the new vehicle on Sept. 16, HedgeFund.net reports. The Stamford, Conn.-based firm, headed by Don Brownstein, raised $125 million for the launch.
SPM plans to keep the fund open to investors for more than a year.
The firm, which currently manages about $2 billion, was named the best-performing hedge fund with at least $1 billion in assets by Bloomberg Markets for last year.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.