Monday, 22 September 2014
Last updated 58 min ago
May 15 2008 | 10:07am ET
Denver-based Quixote Capital Management is closing its doors, its crusade fatally wounded by the ongoing credit crisis.
Founder Jerry Paul, who earlier this year closed Quixote’s mutual fund, said the firm’s hedge fund will liquidate this month. With little capital available to pursue buyouts and acquisitions, Paul told the Denver Post that “there is not much to do” with his merger arbitrage offering.
The fund’s returns have been in the single-digits, Paul, a former high-yield and fixed-income manager at Invesco Funds Group, says. The fund manages about $30 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.