Tuesday, 23 September 2014
Last updated 7 hours ago
Jan 25 2008 | 12:15pm ET
In a possible sign of things to come, the New Jersey Division of Investment said that it may team up with private equity firms, sovereign wealth funds and other institutional investors on new deals.
William Clark, who heads the $81 billion division, said discussions have been going on for about six months, the Wall Street Journal reports. Among the potential deals are investments in p.e. firms, and further bailouts of banks battered by the credit crisis. The Garden State bought $700 million in preferred stock from Citigroup and Merrill Lynch in the wake of the subprime fiasco.
“We think there are advantages for large institutional investors banding together to drive more favorable terms,” Clark said. “You saw what those advantages are in the Merrill and Citi deals.”
The discussions have also focused on investing in p.e. firms, which have found borrowing much more difficult in the current credit environment.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.