Sunday, 21 September 2014
Last updated 2 days ago
Apr 1 2014 | 1:40pm ET
Crestline Investors has raised $1.7 billion for two new funds of hedge funds.
Crestline Opportunity Fund II netted $980 million in commitments, while its Recovery Fund III won $738 million. The former will invest in private credit strategies, while the latter will buy up secondary interests in hedge funds.
Several public pension funds committed to the Opportunity Fund, including the Arizona Public Safety Personnel Retirement System and California’s San Joaquin County Employees’ Retirement Association.
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.