Monday, 22 September 2014
Last updated 2 hours ago
Oct 25 2007 | 7:51am ET
Following its disappointing debut in March, Brevan Howard Asset Management’s publicly-traded hedge fund vehicle has raised an additional US$131 million in a new share offering.
BH Macro, which invests in Brevan’s $15 billion flagship global macro fund—otherwise closed to new investors—said in a note to the London Stock Exchange that it had sold about 8.7 million new shares to investors.
The share sale brings BH Macro closer to the goal it set for itself seven months ago. The firm had hoped to raise about US$1.3 billion in BH Macro’s initial public offering. It fell about US$300 million short.
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.