Sunday, 21 September 2014
Last updated 1 day ago
Jan 31 2012 | 10:02pm ET
A $1 billion New York hedge fund has raked in more than $200 million for its new offering in just a month.
Southpoint Capital Advisors opened its Cayman Islands-domiciled fund on Jan. 1, and as of yesterday had garnered $233 million from 24 investors, it said in a Securities and Exchange Commission filing. Southpoint said that the figure is only for sales to U.S. investors and does not take into account any redemptions or withdrawals.
The fund, managed by Southpoint CFO Anthony Buffalano, has a $1 million minimum investment requirement.
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.