Sunday, 21 September 2014
Last updated 1 day ago
Feb 5 2008 | 1:00am ET
Goldman Sachs’ effort to diversify its hedge fund offerings is off to a rocky start.
Its new hedge fund, Goldman Sachs Opportunity Partners, finds itself in the same position its quantitative peers found themselves last year: in the red. GSIP, Goldman’s first stock-picking offering, fell 6% last month, the Wall Street blog DealBreaker.com reports.
The new fund launched in January with $7 billion, making it one of the largest-ever hedge fund debuts. It is headed by two of the firm’s former senior proprietary traders.
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.