Tuesday, 23 September 2014
Last updated 6 hours ago
Oct 28 2011 | 12:14pm ET
Trafalgar Asset Management co-founder Lee Robinson's new firm is set to launch its maiden hedge fund.
Monaco-based Altana Wealth has been running its Sovereign Diversity Fund with US$25 million of Robinson's capital. But the firm is set to open the fund to external investors.
Robinson founded Altana earlier this year after Trafalgar liquidated his Catalyst Fund. Altana runs a global macro strategy investing in sovereign debt, one that he had hoped to launch at Trafalgar until he dropped those plans due to opposition from Trafalgar investors and Goldman Sachs' Petershill Fund, which owns a stake in the firm.
Robinson has hired several top executives to staff Altana, including banking veteran Ian Gunner as portfolio manager, former UBS prime brokerage executive Antony Lingard as chief operating officer and former Deutsche Bank information technology specialist Neil Panchen as chief technology officer.
"The goal within our Sovereign Diversity Fund is to profit from the appreciation of currencies of stronger sovereign credits and to protect investors’ wealth from the stealth defaults of debtor nations," Robinson said. "We believe this is a great opportunity for anyone who earns income from or holds wealth in any of the main reserve currencies."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.