Monday, 22 September 2014
Last updated 20 sec ago
Feb 7 2012 | 12:38pm ET
A difficult fundraising environment for start-up hedge funds has claimed another victim.
Atwater Capital, founded two years ago by a pair of Atticus Capital veterans with seed capital from Atticus founder Timothy Barakett, is liquidating and returning money to investors, Financial News reports. The firm threw in the towel after it was unable to reach critical asset mass, sources said.
The fund managed $163.6 million at the end of last year, making it hard to convince larger investors to entrust their capital to the firm.
Lee Pollock and Kris Green founded the New York firm after Barakett called it quits at Atticus in 2009. The event-driven fund returned 5.44% in 2010 and lost 3.01% last year.
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.