Sunday, 21 September 2014
Last updated 2 days ago
Nov 11 2011 | 11:19am ET
Hedge fund Kerrisdale Advisers has taken its flagship offshore.
The New York-based fund launched Kerrisdale Partners Offshore earlier this month, HFMWeek reports. Kerrisdale was pushed to create the offshore version by non-U.S. and tax-exempt investors, no surprise given that the fund has soared 157% this year, following its 66% return last year.
The firm's flagship is a concentrated, opportunistic long/short equity strategy, with between half and 75% of its portfolio invested in just 10 to 15 names. Recently, Kerrisdale, which was founded by former Longacre Fund Management analyst Sahm Adrangi two years ago, has been seeking to expose fraudulent Chinese companies.
The offshore fund was seeded with $6.5 million from a fund of hedge funds.
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.