Monday, 22 September 2014
Last updated 2 hours ago
Mar 20 2014 | 10:30am ET
Wells Fargo Asset Management is set to take a majority stake in fund of hedge funds manager Rock Creek Group next month.
Wells took a 35% stake in Rock Creek in late 2012, with an option to increase that holding to a controlling stake. The bank will exercise that option on April 1, it said.
“This change is a sign of Wells Fargo’s continued commitment to—and investment in—the Rock Creek Group, but it will in no way affect the management, independent culture, investment process and brand identity of the firm,” Wells said. The bank may still increase its stake further.
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.