Tuesday, 23 September 2014
Last updated 2 hours ago
Jul 3 2008 | 12:27pm ET
Private equity firm Rosemont Investment Partners has partnered with the management of Riverview Alternative Investment Advisors, a $1.5 billion fund of hedge funds, to buy Nationwide Mutual Insurance Company’s majority interest in the hedge fund.
Riverview will now be majority-owned by its management team and minority-owned by Rosemont.
Steve Turi, Riverview’s co-founder, said the deal was a “natural move” for the firm and Nationwide.
“We wanted a management buyout because we believe it will create a seamless transition for clients,” he said.
Genie Logue, a principal of Rosemont, said Riverview is Rosemont’s fifteenth asset management investment and the firm’s first investment in the alternative asset management arena.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.