Sunday, 21 September 2014
Last updated 2 days ago
Jun 13 2008 | 11:14am ET
The $13 billion State of New Mexico Public Employees Retirement Association last month committed a total of $115 million in a trio of hedge and private equity funds.
The fund approved a $35 million allocation to Sandell Asset Management’s Castlerigg Partners, an event-driven hedge fund, to be funded from fixed-income; $25 million to Onex Partners III, a p.e. fund investing in mid-market buyouts, to be funded from equities; $30 million to Silver Point Capital, a p.e. distressed debt fund investing in mortgage opportunities, to be funded from equities.
The fund has also extended the contract of its alternative investment consultant, Cliffwater, for another two years.
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.