Sunday, 21 September 2014
Last updated 1 day ago
May 1 2013 | 1:12pm ET
At long last, Rubicon Fund Management's former chief investment officers are back in the hedge fund industry.
Timothy Attias and Santiago Alarco's Canosa Capital debuted today with about US$300 million, Bloomberg News reports. The London-based global macro fund is backed by Sweden's Brummer & Partners, which will also own a stake in Cansoa.
Alarco and Attias' new fund will invest in fixed-income, currencies, equity indices and commodities. The highly-liquid portfolio will be structured around three to four themes with six or seven trades in each.
The launch comes a year after Attias and Alarco settled a lawsuit filed by Rubicon, accusing them of breaching their fiduciary duty to the hedge fund after founder Paul Brewer was seriously injured in 2009 when he fell from a horse. The two had planned to open a hedge fund called Sata Partners with former GAM research chief Catherine Cripps in 2011, plans that were derailed by Rubicon's lawsuit.
Canosa charges 2% for management and 20% for performance, although early investors will pay only 1% for management.
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.