Saturday, 30 August 2014
Last updated 15 hours ago
Dec 16 2013 | 11:08am ET
Cube Capital is spinning off its real-estate business to focus on its core hedge fund business.
Oleg Pavlov, a co-founder of the London- and Hong Kong-based firm, will head the newly-independent real-estate business, which will be called Quadrum, Reuters reports. The new firm, which will be based in London and which will invest in emerging markets and distressed opportunities in developed markets, will take US$350 million of Cube's US$1.3 billion in assets.
The split is amicable: Pavlov will remain a co-owner of Cube, while Cube co-founders François Buclez and Alan Sipols will own minority stakes in Quadrum.
"We are now an institutional fund of hedge funds and [our clients] don't care about the real-estate business," Cube managing director Peter Madsen told Reuters. He said that there will be no loss of clients or staff between the two firms.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...