Friday, 19 September 2014
Last updated 8 hours ago
Aug 17 2007 | 1:03pm ET
SAC Capital Management is reportedly planning to reopen its multi-strategy hedge fund to new investors in October.
The SAC Multi-Strategy Fund launched in 2005, according to Alternative Investment News, and returned 30% last year. It charges above-industry-standard fees of 3% for management and 33% for performance, with a three-year lockup.
The firm declinded to comment.
Greenwich, Conn.-based SAC manages $14 billion.
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.