Wednesday, 24 September 2014
Last updated 14 hours ago
Feb 28 2012 | 5:40am ET
After a career at a Singapore sovereign wealth fund, Aje Saigal will continue to manage the city-state's money—at his own hedge fund.
Saigal's Nuvest Capital is set to launch its maiden fund in early July, seeded by the Government of Singapore Investment Corp. Saigal worked at GIC for more than 30 years, joining the sovereign fund at its inception in 1981 and remaining there until earlier this year, when he left to found Nuvest. During his three decades at GIC, Saigal served as a stock manager, chief investment officer for global equities and director of investment policy and strategy.
It is unclear how much GIC plans to invest with Nuvest. The fund has a US$1 billion minimum capacity.
Nuvest's Global Fund will be a multi-asset, emerging-markets focused hedge fund, Reuters reports. The fund aims to return 4% to 5% annually above the rate of inflation.
In addition to Saigal, as chief investment officer, Nuvest will feature former Barclays Global Investors and Vanguard executive Lee Yuit Chieng as chief investment officer, as well as former executives from an Australian superannuation fund and a Chicago multi-strategy hedge fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.