Saturday, 20 September 2014
Last updated 11 hours ago
May 22 2014 | 11:05am ET
A former SAC Capital Advisors manager in Hong Kong plans to launch a hedge fund of his own, focused on Greater China.
Ken Xu’s unnamed firm will offer its maiden hedge fund at the end of this year or early next year, Reuters reports. The fund will follow a long/short equity strategy; other details, including fundraising target, were unclear.
Xu left SAC, now called Point72 Asset Management, earlier this month. He spent three years at the firm, which pleaded guilty to insider-trading charges last year.
Prior to joining SAC, Xu worked at Och-Ziff Capital Management, where he was co-head of Greater China equity long/short investments.
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.