Thursday, 18 September 2014
Last updated 6 hours ago
Mar 22 2012 | 2:35am ET
The London Borough of Camden, having whittled the list of candidates for its first hedge fund mandate to five top names, has made its choice. It's just not saying which it's chosen yet.
The borough's £972.4 million (US$1.5 billion) pension plan will invest £50 million in the hedge fund, HFMWeek reports. Camden had narrowed an initial list of 54 to Aurum Funds, Blackstone Group, BlueCrest Capital Management, Brevan Howard Asset Management and Prisma Capital Partners.
The disappointed applicants may get another bite at this particular central London apple: Camden will consider further allocations.
"During the manager presentations, councillors and officers were impressed with the standard of product available," the pension's director of finance wrote. Camden can invest up to 5% of its assets in hedge funds.
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.