Tuesday, 23 September 2014
Last updated 10 hours ago
Aug 8 2013 | 12:16pm ET
Perella Weinberg Partners is set to launch a new global macro hedge fund headed by a new partner.
The New York-based firm said that Maria Vassalou would helm the new PWP Global Macro Strategy. The vehicle will invest in stock indices, currencies, sovereign debt, credit and commodities, with an eye towards liquidity.
The fund's manager, Vassalou, comes to Perella Weinberg from McKinsey & Co.'s MIO Partners unit, where she managed a similar global macro strategy. Vassalou's résumé also boasts stints at SAC Capital Management and Soros Fund Management, and more than a decade on the faculty of Columbia Business School.
"I am excited to join Perella Weinberg Partners and to deliver a global macro strategy to investors as part of this well-respected asset management franchise," Vassalou said. "We hope to provide value to our investors with a strategy that is motivated by fundamental macro-economic relationships and robust economic analysis and that employs a rigorous risk management framework. I look forward to working with the Firm’s talented professionals as we launch this strategy and to bringing this new investment solution to investors."
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.