Tuesday, 23 September 2014
Last updated 7 hours ago
Sep 19 2013 | 12:42am ET
Goldman Sachs' in-house hedge fund has unveiled a new Asia vehicle.
Oryza Capital launched earlier this month, Bloomberg News reports. The new fund is led by Goldman Sachs Investment Partners' Asia co-heads, Hideki Kinuhata and Ryan Thall.
Oryza is an opportunistic long/short equity fund, which invests throughout Asia, including Australia and Japan. Kinuhata is based in Tokyo, while Thall works out of Hong Kong—where he'll pitch the new fund to potential investors at a Morgan Stanley event next month.
The two currently manage more than US$1 billion in Asian investment for GSIP's global hedge fund, and will continue to do so. Their portfolio has enjoyed annualized returns in the low teens, according to Bloomberg.
Goldman set up GSIP within its Asset Management unit in 2008. The group is led by former proprietary trading chief Ranaan Agus and was designed to allow Goldman to hold on to top trading talent while coming into compliance with the Volcker rule's limits on bank investments in hedge funds.
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.