Tuesday, 23 September 2014
Last updated 12 hours ago
Sep 22 2006 | 12:09pm ET
New York-based Wolver Hill Asset Management has joined forces with the former head of Deutsche Bank’s Japan hedge fund brokerage to launch a US$500 million Japan fund of hedge funds.
Bloomberg News reports that Ed Rogers’ Rogers Investment Advisors is helping to raise the money for Wolver Hill, mostly from the U.S.
Rogers told Bloomberg that the fund, the Wolver Hill Japan Multi-Strategy Fund, is the first FoHFs in Japan open to U.S. investors. It will invest with between 10 and 20 Japanese hedge funds, with half of its assets in equity funds and the other half in arbitrage offerings.
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.