Saturday, 20 September 2014
Last updated 1 day ago
Apr 11 2008 | 11:43am ET
Jeffrey Larson, founder of the late Sowood Capital Management, is getting back in the game. But he won’t get fooled again, at least not by the same investments that sank his earlier effort.
Larson is in talks with investors to launch a new fund—smaller than Sowood, which once managed $3 billion—that will use its predecessor’s market-neutral strategy. But the new fund will be smaller and will scrupulously avoid corporate debt. Leveraged bets on corporate fixed-income instruments blew up in Larson’s face when the subprime collapse and credit crisis struck.
Larson has reportedly received interest from investors totaling between $250 million and $500 million.
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.