Wednesday, 17 September 2014
Last updated 6 hours ago
Sep 13 2013 | 12:35pm ET
Citadel Investment Group, Man Group and Och-Ziff Asset Management will be among the first foreign hedge funds permitted to raise money in mainland China.
The three industry giants are among six hedge funds to win quotas as part of Shanghai's new qualified domestic limited partner program, allowing them to raise yuan, the 21st Century Business Herald reports. Each fund had been granted a US$50 million quota; the entire program will have a US$5 billion quota.
Also winning licenses are Canyon Partners, Oaktree Capital Management and Winton Capital Management.
QDLP will allow China's richest citizens to invest in foreign hedge funds for the first time.
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...