Sunday, 21 September 2014
Last updated 1 day ago
Jan 3 2012 | 1:52pm ET
Evercore Partners has completed its acquisition of a big chunk of fund of hedge funds ABS Investment Management.
The investment bank announced the closing of the purchase on Thursday. The deal, for 45% of ABS was announced in November.
Greenwich, Conn.-based ABS has $3.5 billion in assets under management; founders Alain de Coster, Guilherme Ribeiro and Laurence Russian will continue to manage the firm and its employees continue to own a controlling stake.
Evercore reportedly paid about $45 million for the stake.
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.