Saturday, 20 September 2014
Last updated 11 hours ago
Mar 26 2008 | 2:00am ET
In the wake of regulatory complaint against it, Pentagon Capital Management has decided to close shop.
The London-based firm told investors this week that it will wind down and return their money, the Daily Telegraph reports.
The US$1 billion fund last week was slapped with a civil complaint by the U.S. Securities and Exchange Commission, accusing it of illicit mutual-fund market-timing. According to the complaint, the alleged malfeasance took place between 1999 and 2003 in Pentagon’s former 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.