Sunday, 21 September 2014
Last updated 1 day ago
Jul 26 2013 | 10:37am ET
Three prominent hedge funds will split $600 million from a trio of New York City public pension funds.
The three pensions, which invest on behalf of the city's employees, police officers and firefighters, have hired Carlson Capital, Perry Capital and Pharo Management, Hedge Fund Intelligence reports. The mandates are the latest from the pensions, which are seeking to build their direct hedge fund portfolio.
The three pensions, which have $70 billion in assets between them, hired a senior investment officer for hedge funds, Neil Messing, two years ago, and in December announced plans to invest $1.8 billion in as many as 15 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.