Saturday, 20 September 2014
Last updated 1 day ago
Feb 5 2008 | 11:44am ET
WL Ross & Co. has held a final close at $4 billion for its latest private equity offering, which will make investments in financially distressed companies.
WLR Recovery Fund IV is the first launch by the firm since being acquired by Invesco in October 2006.
“We launched this fund, our largest to date, some months ago in anticipation of the turmoil that is now providing us with a wide range of distressed investment opportunities,” said Wilbur Ross, chairman of his namesake firm. “Invesco’s access to a broad range of investors and the depth of its global infrastructure support were key in allowing us to meet our funding goals.”
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.