Tuesday, 23 September 2014
Last updated 32 min ago
Dec 12 2011 | 9:52am ET
Dyal Capital Partners will acquire a passive minority interest in Paris-based hedge fund manager and quant specialist Capital Fund Management. The terms of the acquisition were not made public.
Dyal will buy its interest from the estate of CFM’s deceased founder, Jean-Pierre Aguilar. The remainder of Aguilar’s interest has been purchased by CFM’s senior management, who will maintain majority ownership of the firm.
Under the terms of the transaction, the firm’s governance structures are unchanged. CFM will retain complete autonomy over its management, operations and investment strategies, and will continue to be led by the existing senior management team.
Said CFM’s Philippe Jordan: “I and my partners are delighted to welcome Dyal as CFM’s long-term strategic partner. The firm will benefit from the settled ownership which this transaction brings and from Dyal’s sector knowledge and expertise.”
The transaction is expected to close before the end of 2011, subject to regulatory approval.
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.