Thursday, 28 August 2014
Last updated 7 hours ago
Mar 16 2012 | 8:02am ET
BlueMountain Capital Management has acquired what remains of Crédit Agricole's structured-credit market-making business, as CA and other European banks continue to offload assets and improve their capital ratios.
New York-based BlueMountain will continue to wind down the contracts at the business, which CA shuttered the unit three years ago. The bank will pay BlueMountain to manage the portfolio, which will become part of a vehicle called Alpine. CA will also retain the counterparty risk and provide the hedge fund a liquidity facility, the Financial Times reports.
BlueMountain, for its trouble, will keep the profits. Terms of the deal were not disclosed.
The bank said selling it reduces its risk-weighted assets by €14 billion.
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 ...