Tuesday, 2 September 2014
Last updated 4 hours ago
Mar 15 2012 | 2:38am ET
New York hedge fund Honne has opened its first hedge fund to outside investors for the first time.
The event-driven shop launched its eponymous hedge fund in August, HFMWeek reports. Now, it is looking to high net-worth investors and asset allocators new to hedge funds to help it reach its initial capacity of $50 million.
Honne targets companies emerging from bankruptcy or undergoing a management shift. "We are buying things that are not part of indices," founder and portfolio manager Derek Cheung told HFM. "Avoiding these investments and focusing on small niche areas—that is where our edge is."
Cheung formerly worked as a retail broker at John Thomas Financial.
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 ...