Tuesday, 2 September 2014
Last updated 1 hour ago
Jul 24 2007 | 11:11am ET
Not everyone is unhappy about the growing sub-prime debacle: In fact, the Blackstone Group has made it a cottage industry.
Australian hedge fund Basis Capital Fund Management, which last week said it could see assets fall by half due to losses in sub-prime investments, has hired the New York-based private equity giant to advise it about the crisis. Blackstone is already advising the most high-profile hedge fund victim of the sub-prime markets, Bear Stearns.
Sydney-based Basis said that Blackstone will help it “prevent adverse pricing and selling of assets.” Last week, it warned investors that its Yield Alpha Fund, already down 14% last month, could be halved in value if lenders seize and sell off its assets at distressed prices. Both the Yield fund and its Aust-Rim Opportunity Fund—down 9% in June—had invested in the risky unrated portions of collateralized debt obligations.
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 ...