Saturday, 20 September 2014
Last updated 1 day ago
Jun 7 2007 | 8:12am ET
The $1 billion University of Illinois Foundation has allocated $100 million to Grosvenor Capital Management as part of its custom fund of hedge funds mandate. The move brings the foundation to its 10% target for hedge funds.
The foundation’s nascent private equity program, which it launched a year ago, is ramping up and is starting to get capital calls for direct commitments from cash starved p.e. firms, according to sources familiar with the foundation’s alternative investment program. It currently has some $18 million allocated to 10 to 15 managers, and is targeting a 10% allocation of its total portfolio to p.e. mandates.
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.