Thursday, 18 September 2014
Last updated 8 hours ago
Jun 12 2012 | 11:23am ET
Private equity shop Sycamore Partners has $35 million more to play with, thanks to the Arkansas Teacher Retirement System.
The $11 billion public pension picked the strategy with the assistance of private equity consultant Franklin Park. Sycamore Partners Fund I is a small- and mid-cap retail turnaround fund, and Arkansas Teacher’s first investment with the firm.
Separately, the pension fired Knight Vinke Asset Management, which had run $50 million for it. But the termination, while performance-based, may be temporary: Executive director George Hopkins told Pensions & Investments it could re-up with the activist shop if the European market improves.
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.