Saturday, 20 September 2014
Last updated 20 hours ago
Sep 25 2013 | 12:20pm ET
The Baupost Group plans to return some money to investors at the end of the year as opportunities become scarcer.
It is unclear how much of its $28 billion in assets the Boston-based hedge fund will return, Reuters reports. It is only the second time since the firm was founded 31 years ago that it is making such a distribution, joining the likes of Moore Capital Management and Tiger Global Management, both of which returned capital to investors last year.
According to Reuters, Baupost chief Seth Klarman is finding it difficult to put so much money to work in the current market environment.
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.