Tuesday, 23 September 2014
Last updated 11 hours ago
Jul 29 2013 | 12:44pm ET
GLG Partners has launched a new value-driven hedge fund.
The Man Group unit said that it rolled out the GLG Total Return Fund, a UCITS-compliant and U.K.-domiciled vehicle. The fund debuted today.
James Ind will lead the new fund, which is managed by GLG's macro and relative-value team. Ind joined GLG from Russell Investments earlier this year.
GLG Total Return targets annual returns of 5% over Libor, and charges only a 0.75% management fee with no performance fee.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.