Thursday, 18 September 2014
Last updated 4 hours ago
Jul 3 2008 | 2:00am ET
Globefin US Advisors’ Cannonball Stability Fund, an asset-backed fund of hedge funds, this month added a new asset-backed loan startegy to its portfolio, bringing its current lineup to 23 underlying managers.
And the niche fund is also in the later stages of due diligence on two more managers, according to David Maslaton, a research analyst at Globefin.
The $17 million offering, which launched in January, is up some 5% through May. Its portfolio is made up of mostly U.S.-based managers with some European, Latin American and Asian exposure as well. The fund’s capacity is between $150 million and $200 million.
In addition to its onshore offering, Globefin currently manages three offshore multi-strategy funds of funds with exposure to the ABL space. The firm manages some $500 million in total assets.
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.