Thursday, 18 September 2014
Last updated 6 hours ago
May 21 2014 | 12:20pm ET
Citadel Investment Group, one of the first six foreign hedge funds permitted to raise money in mainland China, has become the very first win final approval from Chinese regulators.
Citadel (Shanghai) Foreign Investment got its currency-exchange sign-off on March 26 after completing its fundraise, Shanghai authorities said. The Chicago-based firm, like the others to win the first qualified domestic limited partner licenses, had a US$50 million quota.
Such a license allows foreign firms, for the first time, to raise money in yuan from China’s richest citizens. The pilot program will eventually encompass US$5 billion in quotas.
In addition to Citadel, Canyon Partners, Man Group, Och-Ziff Asset Management, Oaktree Capital Management and Winton Capital Management have been awarded licenses.
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.