Thursday, 28 August 2014
Last updated 7 hours ago
Nov 8 2007 | 11:58am ET
Hedge fund AQR Capital Management has dropped its plan to go public as it faces substantial withdrawals.
The Greenwich, Conn.-based firm, which manages about $35 billion, has not participated in the hedge fund resurgence over the past two months. Its flagship Absolute Return Fund lost about 3% last month, and is down 6% year-to-date, according to the New York Post. The poor performance has reportedly led several large investors to file redemption requests.
AQR was one of the firms hit hardest by this summer’s market swoon, and in July announced it was postponing its planned $500 million initial public offering. The firm planned to sell 10% of itself.
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 ...