Friday, 29 August 2014
Last updated 13 hours ago
Apr 12 2012 | 11:30am ET
While many hedge fund managers have embraced the use of multiple prime brokers, Paulson & Co. is sticking with JPMorgan Chase, almost exclusively.
Seven of the New York-based firm's eight funds use JPMorgan as their prime broker, Paulson's recent Securities and Exchange Commission filing—required by new financial regulations—shows. The eighth fund also uses just one prime broker, Goldman Sachs.
The somewhat surprising revelation emerged despite Paulson's best efforts to conceal whatever it could in the new form ADV. Rather than name his funds, as many of his peers have done, Paulson's filing simply numbers them, Paulson Fund 1 through Paulson Fund 8.
Paulson couldn't hide anything. In addition to identifying its prime brokers, the firm was forced to name Rothstein Kass as its auditors and Plus Securities as its marketer.
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 ...