Saturday, 20 September 2014
Last updated 1 day ago
May 5 2008 | 2:00am ET
A new London hedge fund firm is preparing its first offering in an effort to capitalize on current market volatility.
AlphaTran Capital said it will launch a long/short equity fund with US$50 million in seed capital from Thames River Capital. The fund, targeting 20% annual returns, will focus on large-cap stocks, with the ability to move between 40% net short and 40% net long, Reuters reports.
“Current market volatility has created a lot of investment opportunities for funds such as AlphaTran and is an ideal environment for stockpickers,” firm co-founder Damien Tran, formerly a partner at activist hedge fund shop The Children’s Investment Fund, said.
Tran’s partners are Christophe Beauvilain, formerly of Phylon, and Christophe Puyo, a veteran of Société Générale Asset Management.
The new fund will reportedly boast a US$3 billion capacity.
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.