Friday, 19 September 2014
Last updated 10 hours ago
Apr 16 2012 | 1:30pm ET
The latest Tiger cub is more like an artic fox.
Tiger Management has seeded a new hedge fund helmed by the former head of Norway's sovereign wealth fund. Tiger, headed by ur-seeder Julian Robertson, is backing Trient, an asset manager bought last year by Knut Kjær and Dag Løtveit.
New York-based Tiger will take a share of the fees earned by the new global macro hedge fund, the Financial Times reports, although precise details of the agreement were not available.
"Teaming up with Julian Robertson and Tiger gives us a flying start," Kjær told the FT.
Kjær helped set up and ran Norges Bank Investment Management, which oversaw some US$600 billion of Norway's pension and foreign exchange reserves. He left the group in 2008. Løtveit was global head of allocation strategies at the SWF.
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.