Thursday, 18 September 2014
Last updated 28 min ago
Apr 3 2008 | 2:00am ET
Marco Polo Pure Asset Management has launched a new hedge fund, allowing it to explore investments outside of the Chinese mainland.
The firm, whose US$170 million China Fund has enjoyed double-digit returns for the past two years, is set to begin trading its Pan-China Master Fund today.
The new fund, unlike its predecessor, will invest in Hong Kong-listed companies and China-related securities trading overseas, while the China Fund invests entirely in domestically-traded Chinese stocks. At launch, just about one-fifth of the Pan-China fund’s US$20 million in assets will be invested in the Chinese mainland.
The firm has another US$20 million in assets coming into the fund on May 1, and expects to add another US$10 million to that by June 1.
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.