Saturday, 20 September 2014
Last updated 1 day ago
Jun 10 2013 | 9:27am ET
The Maryland State Retirement & Pension System has hired former Credit Suisse trader George Taylor's energy-focused hedge fund to run a $50 million mandate.
The $42 billion pension said it moved the money from a passive commodities vehicle to Taylor Woods Capital Management at the beginning of the month. Taylor Woods becomes one of about 30 fund managers in Maryland's "real return" portfolio.
That portfolio currently represents 11.5% of the pension's assets, below its 14% target.
Taylor Woods is up 10% this year, Reuters reports.
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.