Friday, 19 September 2014
Last updated 13 hours ago
Nov 9 2007 | 12:15pm ET
Asset management boutique Affiliated Managers Group has taken a stake in activist hedge fund manager ValueAct Capital, its second in a hedge fund.
Terms of the deal were undisclosed, but AMG has reportedly purchased a roughly 25% stake in the $6 billion San Francisco hedge fund firm, buying out a former outside investor. ValueAct founders and managers have signed long-term employment contracts, and AMG’s presence is not expected to lead to any investor departures.
Prides Crossing, Mass.-based AMG also owns a 25% stake in AQR Capital Management, which it took three years ago.
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.