Saturday, 20 September 2014
Last updated 14 hours ago
Jun 17 2013 | 2:20pm ET
Lyxor Asset Management and TIG Advisors will launch a UCITS-complaint merger-arbitrage hedge fund.
The two firms plan to roll the vehicle out on Lyxor's UCITS platform, Citywire reports. The Lyxor/Tiedemann Arbitrage Strategy will employ TIG's research to seek out arbitrage opportunities from around the world, with a focus on wide spreads and complex deals. The fund will be managed by TIG's Drew Figdor; Lyxor will provide risk management.
"We look for complex mergers where our research can add value and are anticipating an uptick in mega-cap deals driven by the increased availability of funding, both for strategic buyers and private equity," Figdor told Citywire.
The strategy will be available euro-, dollar- and pound Sterling-denominated share classes, and will feature weekly liquidity.
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.