Monday, 22 September 2014
Last updated 2 days ago
Oct 9 2012 | 1:04pm ET
Third-party marketing firm Agecroft Partners plans to add a new hedge fund to the stable it currently represents.
The chosen fund will have at least $75 million in assets under management, risk-adjusted performance that ranks it near the top of its peer group and low correlation to relevant market indices.
Don Steinbrugge, a former founding principal of Andor Capital Management who founded Agecroft in 2007, says the firm is on track to raise $1 billion in 2012. The bulk of the assets Agecroft has raised over the past year have come from pension funds and endowments but Steinbrugge said they've also had success raising assets from family offices and funds of funds in Europe and North America.
“One of the challenges in our business is that if you are successful in helping your hedge fund clients grow their assets to capacity, you constantly need to find new managers each year,” said Steinbrugge in a statement.
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.