Saturday, 20 September 2014
Last updated 1 day ago
Feb 5 2013 | 2:33am ET
Avenue Capital Group is readying its third European distressed debt fund.
The New York-based hedge fund is seeking just $500 million for the new vehicle, a far cry from the $2.78 billion it raised for its Europe Special Situations Fund II last year. But like the existing fund, the new fund will take a private-equity approach to investing in distressed and undervalued European securities, as well as direct-lending, The New York Times reports.
Avenue already has about one-third of its $12 billion in assets invested in Europe. The firm's founder, Marc Lasry, said in July that Avenue is making a "three- to five-year bet" on Europe.
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.