Monday, 22 September 2014
Last updated 1 hour ago
May 14 2012 | 10:35am ET
Credit Suisse's asset management division has launched a hedge fund-like mutual fund, the Credit Suisse Liquid Alternative Fund.
Said Jordan Drachman, head of research for Credit Suisse Alternative Beta Strategies: "Hedge funds offer the potential to improve diversification and reduce correlation and portfolio volatility; however, investors needing access to capital are often constrained by hedge funds' illiquid nature, and the process for investing in offshore vehicles can be tax restrictive, lengthy and expensive.”
Drachman says the new fund, which offers daily liquidity, provides “a liquid alternative for accessing the risk and return characteristics of hedge funds without the structural impediments of limited partnerships."
The fund is offered in Class A and Class C shares, both with minimum initial investments of $2,500 (taxable accounts) or $500 (IRAs). The fund also offers Class I institutional shares.
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.