Monday, 1 September 2014
Last updated 3 days ago
Jul 19 2012 | 11:49am ET
Credit Suisse said it will sell a pair of private equity businesses with "limited synergies" with its other asset-management properties.
The bank told investors that the U.S.'s impending Volcker rule, which will strictly limit the amount that banks can invest in alternative investment funds, contributed to its decision. But it also dovetails with the firm's effort to increase its capital by €15.3 billion, spurred by a negative report by the Swiss National Bank.
The two units on the block are the Customized Fund Investment Group and its secondaries business, Strategic Partners. Both are based in the U.S. The former is led by Kelly Williams and has raised about US$25 billion, while the latter is headed by Stephen Can and recently closed its fifth fund with US$2.9 billion. Strategic Partners has raised about US$11 billion in the past dozen years.
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 ...