Friday, 19 September 2014
Last updated 47 min ago
Jul 2 2008 | 2:00am ET
Singapore-based investment firm 3 Degrees Asset Management has hired Michael Gilmore as a managing principal, responsible for overseeing the firm's daily operations. He will also sit on the investment committee and act as a portfolio manager of the ADF Special Opportunities fund, a private equity offering.
Gilmore was previously head of Indonesian research for UBS, having earlier held the same position at DBS Securities.
“He joins at a time when global default rates are rising and equity markets are hitting bear territory,” said Moe Ibrahim, founder. “As default rates rise, equity valuations will collapse, creating an opportunity to acquire world-class Asian companies at fire-sale valuations.”
The firm currently manages more than US$400 million in assets, including US$80 million in its flagship Asian Debt Fund.
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.