Sunday, 21 September 2014
Last updated 2 days ago
Jun 23 2006 | 8:15pm ET
Brad Briner has joined Morgan Creek Capital Management as a principal after working as an independent consultant since the firm opened in July 2004. Mike Hennessy, managing partner, said Briner worked with the firm's founders at the University of North Carolina. The firm was formed by Mark Yusko, former cio of the university.
The plan is currently closing its first diversified fund-of-funds, which includes private equity, real estate, venture capital and natural resources. MC Partners I will close with approximately $155 million, Hennessy said. The plan is also preparing to launch its second fund, which will include the same types of investments. The second fund will likely have no more than $200 million in assets under management.
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.