Friday, 19 September 2014
Last updated 13 hours ago
May 22 2012 | 8:12am ET
Two Société Générale vets have joined forces to launch a multi-commodity discretionary hedge fund.
Frédéric Lasserre, who built and headed the SG commodity research and strategy team, and Christophe Cordonnier, who set up and led the bank's sales and structuring commodity investor business, are launching Paris-based Belaco Capital.
They will be assisted by François Beuzelin, who spent 12 years at SG, heading metals trading and working in a commodity fund.
“There is still unsatisfied demand from investors for absolute return on commodities,” said Cordonnier in a statement.
“We believe it is crucial to rely on solid expertise in trendless and highly volatile markets we experience during recessionary times,” said Lasserre.
Added Buezelin: “We think the combination of trading, fundamental research and financial engineering is the ideal mix to bring value to investors.”
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.