Sunday, 21 September 2014
Last updated 2 days ago
May 8 2012 | 10:53am ET
Edward Lampert isn't waiting to try to head off a slew of redemptions from the hedge fund that holds his majority stake in Sears Roebuck & Co.
The ESL Investments fund's five-year lockup will expire this summer. But over the last several weeks, Lampert has begun to reach out to clients, urging them to stay in the fund, the New York Post reports.
Certainly, the fund's performance this year is a powerful incentive for sticking with Lampert: He bought out the Ziff family's stake in the fund in January for $130 million. Since then, he's nearly doubled his money.
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.