Monday, 22 September 2014
Last updated 20 min ago
Jun 20 2013 | 10:41am ET
The U.K.'s Railway Pensions Scheme is getting on board with the shift from funds of hedge funds to direct hedge-fund investments.
The £19 billion pension has fired two of its three funds of funds and reallocated half of its £2 billion hedge fund portfolio to single-manager funds, Financial News reports. The change will give RPMI's staff more control over its assets, chief investment officer Keith Shepherd said.
RPMI had invested with Blackstone Alternative Asset Management, Grosvenor Capital Management and Rock Creek Group. Shepherd would not tell FN which of the three had been terminated.
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.