Sunday, 21 September 2014
Last updated 2 days ago
Jul 18 2013 | 6:32am ET
A former employee of Soros Fund Management has hung out his own hedge fund shingle in Hong Kong.
Nicholas Zhang, the son-in-law of one of China’s four vice premiers, Wang Yang, recently founded Magnolia Capital Management with former colleagues from Soros and UBS, reports the South China Morning Post.
Last year Zhang worked briefly at billionaire George Soros’ family office in Hong Kong, following a stint as a junior investment banker at UBS.
The new fund launched two months ago with " tens of millions of US dollars" a source told the paper.
Magnolia Capital Management focuses on investing in Hong Kong-listed stocks.
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.