Friday, 29 August 2014
Last updated 18 min ago
Jan 6 2012 | 9:08am ET
Carrhae Capital is well on its way to its US$500 million fundraising goal.
The London-based firm, founded by former SAC Capital Advisors trader Ali Akay, has raised US$150 million since it debuted last month. That amount, raised from just one investor, is in addition to the US$200 million Carrhae raised prior to its launch, HedgeFund.net reports.
It is unclear who that investor is, but Reuters reported in November that Carrhae was in advanced talks with the Blackstone Group about seeding its fund.
Carrhae, an emerging markets fund, began trading on Dec. 1 and opened to investors on Dec. 12. The firm expects to reach the US$500 million mark early this year.
Carrhae has a US$5 million minimum investment requirement.
In addition to Akay, Carrhae features two other former SAC traders on its six-member team.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...