Saturday, 20 September 2014
Last updated 1 day ago
Nov 16 2012 | 12:58pm ET
The hedge fund success story of the past two years has gotten big enough.
Tiger Global Management, which returned 45% last year and which has grown to manage more than $8 billion, will return some of that money to investors at the end of the year. The New York-based hedge fund said it feared for its returns—it's up 25.5% this year—if it got any bigger, the New York Post reports.
"We continued to believe that managing a smaller asset base gives us the best chance to generate strong returns over the long-term," managers Chase Coleman and Feroz Dewan said.
Tiger Global joins the likes of Moore Capital Management in making a distribution to investors. Moore blamed disappointing returns and a lack of opportunities for its decision to return $2 billion to investors earlier this year.
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.