Tuesday, 30 September 2014
Last updated 15 hours ago
Oct 18 2013 | 12:59pm ET
Private equity giant Kohlberg Kravis Roberts has agreed to buy hedge fund Avoca Capital, giving it an $8 billion foothold in the European credit space.
Terms of the deal were not disclosed. The acquisition will nearly quadruple KKR's European credit assets following closing in the first quarter of next year.
"We believe the European credit space offers significant opportunity," KKR co-CEOs Henry Kravis and George Roberts said. "Avoca has a very strong track record, an entrepreneurial management team and excellent capabilities that are complementary to ours in European senior and liquid credit."
Avoca co-founders Alan Burke and Dónal Daly will join KKR as part of the deal, with the former serving as head of its European credit platform and the latter as a senior adviser.
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 McKitish of Peddie School's 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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.