Tuesday, 23 September 2014
Last updated 1 hour ago
Jul 2 2008 | 12:44pm ET
University endowments are proving fertile ground for training hedge fund managers.
The latest to try his hand in the hedge fund industry is Jared Perry, a former money manager at DUMAC, which runs Duke University’s endowment. Perry has founded Stonehorse Capital Management, which is expected to hit the ground running in August.
Stonehorse is a fund of hedge funds manager, focusing on emerging long/short equity and event-driven managers. Opening with between six and eight managers, the fund of funds could eventually boast a roster of as many as 15, most with less than $500 million in assets and less than a three-year track record, according to HedgeFund.net.
Stonehorse will charge a 1% management fee and 5% performance fee. There is a $1 million minimum investment requirement.
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.