Saturday, 20 September 2014
Last updated 1 day ago
Oct 4 2012 | 12:44pm ET
A pair of Goldman Sachs veterans are readying a global-macro fixed-income hedge fund, backed by Investcorp.
Rishi Chadda and Cyrus Pouraghabagher's Kingsguard Advisors will launch its maiden hedge fund next month. The strategy has been seeded with $50 million from Bahrain-based Investcorp, among the first bond-based global-macro funds backed by the firm.
Investcorp will also provide risk-management, marketing and operational services to Kingsguard, Bloomberg News reports.
Chadda said the new fund would seek to profit from the changing global economic scene, notably new regulations and central bank actions. "These changes create exciting investment opportunities," Chadda told Bloomberg.
Chadda, like Pouraghabagher, joined Goldman's mortgage department in 1997. Chadda rose to become a managing director in the interest-rate products group and Pouraghabagher a vice president on its mortgage-trading desk.
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.