Friday, 19 September 2014
Last updated 25 min ago
Jul 9 2007 | 1:37pm ET
Alternative asset management firm Absolute Capital Management Holdings has doubled its assets under management in the first six months of 2007 from $1.5 billion in January to some $3.1 billion as of the end of June.
Chairman and CEO Sean Ewing attributed the spike to organic growth and the integration of U.K.-based alternative investment advisory firm Argo Capital Management in January. "We have increased assets under management by almost 100% during the first six months of 2007 through significant organic growth and the successful integration of Argo,” he said.
The firm has launched a new division, Absolute Capital Management Property, in order to develop its long/short equity presence in the global real estate market. “Demand from institutional investors for our expanding portfolio of alternative investment products remains strong and we believe the creation of ACMPL is well-timed to take advantage of the long/short opportunities in the current global real estate market,” said Ewing.
Absolute Capital currently manages 11 funds.
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.