Sunday, 21 September 2014
Last updated 1 day ago
Jun 15 2012 | 5:25am ET
Closing Centaurus Capital has spawned a second successor hedge fund.
Lawrence Whalley has set up a new firm called Copperwood, staffed by Centaurus alumni, which will launch its maiden fund on Aug. 1, Reuters reports. In addition to Whalley, who worked with Centaurus founder John Arnold at Enron Corp., Copperwood will feature former Centaurus CFO Jeff Brattain and trader Conrad Goerl, among other veterans of Centaurus' Houston, London and New York offices.
Copperwood will debut with about $700 million.
Arnold last month said that he would retire after a decade running Centaurus and return some $2 billion to investors. Just a week after Arnold's surprise announcement came news that Centaurus founding trader Bill Perkins would launch his own hedge fund, Skylar Capital Management, on July 1.
Houston-based Skylar is expected to debut with between $300 million and $600 million.
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.