Wednesday, 17 September 2014
Last updated 7 min ago
May 16 2014 | 1:44pm ET
The Carlyle Group's commodity hedge fund unit has set up shop in Shanghai's nascent free-trade zone.
Vermillion Asset Management incorporated a trading unit in the China (Shanghai) Pilot Free-Trade Zone, an 11-square-mile area in China's largest city. The zone offers fewer restrictions on interest rates, yuan conversion and other matters than the rest of China.
New York-based Vermillion's Shanghai unit is headed by Ian McGuinn, Bloomberg News reports.
Vermillion joins fellow commodities traders Trafigura Beheer and Louis Dreyfus Commodities in establishing a presence in the Shanghai zone, which may soon boast commodity exchanges led by Baosteel Group and the Shanghai Gold Exchange.
Carlyle owns 55% of Vermillion, buying the stake in 2012.
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…
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