Saturday, 20 September 2014
Last updated 15 hours ago
Jan 18 2008 | 1:00am ET
The New Year is looking bright for Navica Capital Management. The Amsterdam-based firm's Currency Alpha Strategy was recently added to the Deutsche Bank Global FX-Select Currency Managers platform, which currently makes more than 70 currency managers available for institutional investors.
Through Deutsche Bank, the firm is planning to issue certificates of up to €50 million (US$73.9 million) in capacity in March or April.
"What this means is that we can offer this strategy in different formats for institutional investors," said Marc Buten, managing director. "In the last six months, there has been fast-growing demand for further diversification among investors in the currency market who are looking at currencies as a separate asset class where they can get returns."
The €10 million (US$14.8) Currency Alpha fund, which trades global currencies, began trading eight years ago, and ended last year up 36.43% net of fees.
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.