Friday, 29 August 2014
Last updated 10 hours ago
Jun 13 2014 | 1:13pm ET
Pine River Capital Management has begun to turn away new money, citing a dearth of enticing opportunities.
The Minnetonka, Minn.-based firm, which has $15 billion in assets under management, told investors yesterday that it had closed its flagship to new investment. The firm said that there were few “outsized opportunities” available, and that keeping the fund at its current $4.5 billion size would allow it to remain nimble and to take advantage of any profitable new ideas, the Financial Times reports.
Pine River has been keeping an eye on the size of its funds for the past year, returning $1 billion to investors. Most of that, however, has been from smaller funds set up to take advantage of post-financial crisis opportunities.
The decision to close the fund comes even as Pine River seeks $750 million in permanent capital through a new reinsurance company.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...