Saturday, 20 September 2014
Last updated 1 day ago
Sep 4 2013 | 12:32pm ET
Carl Icahn and William Ackman may be going their separate ways, but two of their former lieutenants are on the same path.
Icahn protégé Keith Meister's two-year old Corvex Management has more than doubled in size this year, and now manages $4.2 billion. Marcato Capital Management, helmed by former Pershing Square Capital Management portfolio manager Richard McGuire, has grown by 80% to $1.8 billion, according to Absolute Return's billion-dollar club ranking.
The two are among the fastest-growing hedge funds of the year.
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.