Friday, 19 September 2014
Last updated 6 hours ago
Oct 6 2011 | 10:29am ET
Another group of British public pension funds are joining forces to save money on consultancy—and, possibly, hedge fund—services.
Several local government pensions in England's southwest are part of the latest group, following a similar agreement among several of London's local councils. Under the plan, set up by Britain's Environment Agency, seven pensions have signed up.
The council pensions participating are those for Bath, Cornwall, Dorset, Gloucestershire, North East Somerset and Wiltshire, HFMWeek reports.
The Environment Agency is still working on the scheme's framework, and warned that it may "take several months or longer" before any consultant or hedge fund manager is the beneficiary of the scheme.
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.