Wednesday, 17 September 2014
Last updated 9 hours ago
Jul 2 2008 | 2:00am ET
The fund of hedge funds search is over for the Iowa Public Employees Retirement System. The $22.6 billion plan’s investment board has approved hiring funds of hedge funds Blackstone Alternative Asset Management and JP Morgan Alternative Asset Management.
Each firm will get $300 million, with funding taking place over a two-to-three-year time horizon. The other finalists were Gottex Fund Management, Investcorp and Northwater Capital Management.
IPERS issued a request for proposal on August 1 to “evaluate low volatility fund of hedge funds products suitable for use in a portable alpha program.”
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.