Tuesday, 23 September 2014
Last updated 11 hours ago
Dec 6 2012 | 11:05am ET
The British Virgin Islands is making it easier for smaller hedge funds to make their home in the offshore financial center.
The British Virgin Islands Financial Services Committee on Monday will begin offering a new investment management license for non-institutional firms running small and medium-sized funds. The new rules streamline the regulatory matters facing such firms, which the BVI say do not pose a systemic risk to the financial system.
The new licenses cover BVI-domiciled funds with at least US$400 million in assets under management for open-ended funds and US$1 billion for closed-ended funds.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.