Sunday, 21 September 2014
Last updated 1 day ago
Oct 12 2011 | 6:42am ET
Former Man Group CEO Stanley Fink's current hedge fund has enjoyed a 40% jump in assets under management thanks to a pair of pension fund mandates.
Two "very large" pensions poured US$200 million into International Standard Asset Management's flagship Systematic Fund, the firm's Alexander Lowe told Reuters. Those allocations pushed the firm's assets to US$700 million, a record for the three-year-old London-based ISAM.
Lowe said that the Systematic Fund, launched last year, was roughly flat this year. He blamed "choppiness" in agriculturals and other sectors, which he said "cost us 800 basis points."
While still managing less than US$1 billion, ISAM has big plans for Systematic, hoping to boost its assets to about US$5 billion.
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.