Sunday, 21 September 2014
Last updated 2 days ago
Mar 25 2008 | 11:53am ET
The $77.7 billion New Jersey Division of Investment is looking to allocate a further $1 billion to a pair of hedge funds and five private equity funds.
The Garden State’s investment council is considering a $100 million commitment to activist hedge fund Knight Vinke Institutional Partners II and $100 million to Marathon Special Opportunities Fund, a low-volatility global distressed-securities offering.
On the p.e. front, New Jersey is committing $400 million to the CSFB/NJDI Investment Fund, a separate account mandate with Credit Suisse to source and commit $200 million to buyout funds located in North America raising $1 billion or less. New Jersey is also committing $100 million to another joint venture with CS dubbed the CS/NJDI Emerging Opportunities Fund II, a separate account that will make commitments in small and/or “emerging” buyout and venture capital funds.
In addition, New Jersey is committing $200 million to NJHL European Buyout Investment Fund III, a separate account was established with Hamilton Lane to invest in large international corporate finance/ buyout funds with significant investment exposure to European based companies. Lastly, the pension fund is committing €106.25 million (US$163 million) to AnaCap Financial Partners, a U.K.-based middle-market buyout fund.
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.