Tuesday, 23 September 2014
Last updated 1 hour ago
Mar 22 2012 | 2:43am ET
FrontPoint Partners' former star trader, who managed more than $1 billion just two years ago, is starting small with his new firm.
Steven Eisman's Emrys Partners launched its maiden fund on March 1 with just $22.9 million. The money was raised from friends and family members of Eisman, Bloomberg News reports.
Emrys won't remain a cozy affair for long: The New York-based firm plans to move its fundraising focus towards the institutional investors Eisman worked for at FrontPoint, and who are presumably clamoring to hand him their money once more.
Emrys employs a long/short equity strategy; Eisman made his name at FrontPoint betting against subprime mortgages.
Eisman left FrontPoint in June as the firm collapsed in the wake of an insider-trading scandal that sent its top healthcare hedge fund manager to prison.
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.