Friday, 19 September 2014
Last updated 14 hours ago
Mar 20 2012 | 1:32pm ET
Hedge fund TIG Advisors is pulling the plug on its emerging markets portfolio.
The New York-based firm is liquidating the $210 million Global Emerging Markets fund, it told investors. The 15-year old fund, which once managed $1.5 billion, had suffered two straight losing years, including 11% last year, Reuters reports.
"Our Global Emerging Markets funds have been closed and are being liquidated," TIG wrote in a March 9 e-mail.
TIG still manages four other hedge funds with a combined $1.1 billion in assets.
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.