Thursday, 18 September 2014
Last updated 11 hours ago
Jun 12 2012 | 11:20am ET
Private equity firm Fundamental Advisors has snagged Goldman Sachs’ top municipal bond trader to manage a new hedge fund.
Hector Negroni will co-head the Fundamental Credit Opportunities Fund. Unlike Fundamental’s existing two funds, Credit Opportunities will not seek controlling stakes. New York-based Fundamental said the fund would seek to profit from “lasting, recurring” inefficiencies in the muni market.
“This launch demonstrates an expansion of Fundamental’s leading role as an alternative asset management in the municipal market,” Negroni said. “FCO will combine experienced professionals, a tailored capital base and a proven investment approach to address dynamics in the municipal universe otherwise unattended to by market participants.”
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.