Monday, 1 September 2014
Last updated 3 days ago
May 16 2012 | 12:41pm ET
Private equity giant Kohlberg Kravis Roberts may buy its way into the fund of hedge funds business.
KKR is in talks with Prisma Capital Partners about buying a stake in the New York-based firm, The New York Times reports. It is unclear how large a stake KKR is seeking in the ongoing talks, or whether a deal was imminent.
Prisma has some $8 billion in assets under management. The firm was founded by former Goldman Sachs alumni in 2004 to buy the hedge fund division of Dutch insurer Aegon's AEGON USA Investment Management.
A deal would give Prisma access to KKR's investors. For KKR, adding Prisma would be a first step towards challenging rival Blackstone Group in funds of funds; Blackstone has almost $40 billion in fund of funds assets.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...