Monday, 22 September 2014
Last updated 13 min ago
Oct 2 2012 | 1:45pm ET
Alternative investments giant Blackstone Group has struck a deal for real-estate finance company Capital Trust's investment-management unit.
Under the deal, Blackstone Real Estate Debt Strategies acquires CT Investment Management for $20 million, taking over the management of its funds. Blackstone will also pay $10 million to buy an 18.2% stake in CTIM's soon-to-be-former parent company, Capital Trust.
As part of the CTIM purchase, Blackrock will also buy out Capital Trust's co-investment with CTIM.
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.