Thursday, 18 September 2014
Last updated 46 min ago
Oct 24 2013 | 9:38am ET
Sovereign wealth funds have flocked to hedge funds in recent years—but not that of Oman.
The oil-rich Arabian country's US$6 billion Oman Investment Fund plans to invest in emerging market stocks and real-estate in stable countries, but won't be hiring any hedge funds. In his first interview in at least seven years, OIF CEO Hassan Al Nabhani told Bloomberg News, "hedge funds are not transparent enough in their strategies and the risk they take do not compensate for the returns and the fees they charge."
Al Nabhani said that OIF manages most of its money internally, and hires outside managers only where it would be too "resource-intensive" to do the work in-house. The SWF does employ a "handful" of outside private-equity managers, he said.
"The bulk of our portfolio comprises direct private-equity investments," he said.
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.