Tuesday, 23 September 2014
Last updated 9 hours ago
Feb 9 2012 | 2:00pm ET
Another Asian hedge fund has bitten the dust.
Thaddeus Capital Management liquidated its hedge fund following redemptions. All money was returned to investors earlier this year, Reuters reports.
Thaddeus is among more than 140 Asian hedge funds to close their doors in 2011.
The Hong Kong-based firm's Thaddeus Asia Event Driven Fund lost about 8% last year. The fund managed about US$300 million.
Thaddeus, founded by several HDH Advisors veterans and run by Charle Peza, elected to pull the plug in October, according to Reuters. The move came after some European investors filed redemption notices.
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.