Sunday, 21 September 2014
Last updated 2 days ago
May 3 2012 | 12:55am ET
Swiss private bank Pictet & Cie has begun marketing a new hedge fund managed by Goldman Sachs veteran Elif Aktug.
Pictet Asset Management launched a roadshow for the Agora Fund on Monday, HFMWeek reports. The firm launched the fund, which currently manages US$100 million, last April; it has lost about 2.3% through earlier this year.
Analyst Vincent Ijaouane said Pictet has no capacity in mind for the equity long/short fund. But he said that garnering at least US$1 billion “should be no issue.”
“We believe the recent turmoil in Europe provides us with highly interesting investment opportunities,” Aktug, a former Goldman trader, said. “Well-funded corporates will be looking towards strategic change, especially in M&A. As always in times of change, there will be strategic winners and losers. The fund is able to take positions in both in order to create value.”
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.