Monday, 22 September 2014
Last updated 22 min ago
May 1 2012 | 3:09am ET
Pacific Alternative Asset Management has garnered more than $100 million for its latest institutional offering.
The Irvine, Calif.-based fund of hedge funds manager said in a Securities and Exchange Commission it has raised the nine figures from 24 institutional clients since its opening on April 16. All told, PAAMCo has some $8 billion in assets under management.
The customized hedge fund will be open to institutional clients for more than a year, PAAMCo said in the Friday filing. Interested investors will have to pony up at least $1 million to meet the minimum investment requirement.
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.