Friday, 19 September 2014
Last updated 2 hours ago
Jul 3 2013 | 2:30am ET
West Virginia’s main public pension fund has awarded a $40 million mandate to a catastrophe reinsurance hedge fund.
The $13.2 billion West Virginia Investment Management Board picked Elementum Advisors, according to its May financial statement. West Virginia’s investment with the firm began on May 1.
West Virginia invests more than 10% of its assets in hedge funds.
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.