Sunday, 31 August 2014
Last updated 1 day ago
Jan 14 2013 | 1:59am ET
Titan Advisors enjoyed a strong 2012, thanks in part to a hedge fund that won't be part of its portfolio going forward.
The $3 billion firm said its Masters International fund of hedge funds added 7.22% last year, its best year since 2009, Reuters reports. And one of the fund's roughly two dozen managers is SAC Capital Advisors—but Titan said last year it would redeem its investment with the hedge fund.
The move came as something of a surprise, given the close relationship between SAC founder Steven Cohen and Titan founder George Fox. And while the insider-trading cloud around SAC played a role in Titan's decision, the firm also is said to want to focus on smaller managers.
SAC, which manages $14 billion, returned 12% last year.
Titan has still not formally informed its clients that it is redeeming from SAC.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...