Thursday, 18 September 2014
Last updated 5 hours ago
Apr 4 2012 | 2:23am ET
Two weeks after picking its first hedge fund manager, the London Borough of Camden's pension fund has finally made public the winner of the £50 million mandate.
The £994 million (US$1.59 billion) plan picked BlueCrest Capital Management from an initial list of 54 possible managers, Professional Pensions reports. The London-based firm topped four other finalists: Aurum Funds, Blackstone Group, Brevan Howard Asset Management and Prisma Capital Partners.
"BlueCrest's bid was very impressive, in a large and good quality field," Peter Brayshaw, the head of the Camden borough council's pension fund subcommittee, said. "I look forward to the benefits this new mandate will bring by diversifying the fund asset base in the current financial climate."
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.