Tuesday, 23 September 2014
Last updated 9 hours ago
Jul 15 2008 | 12:11pm ET
Jeffrey Larson’s new hedge fund has a name.
The founder of now-defunct Sowood Capital Management has reportedly teamed up with Sowood alumna Megan Kelleher to form Larson/Kelleher Capital Management.
The duo has also lured former Sowood director Michelle Gillespie to serve as its managing director. The firm, which is located in the Boston area, will reportedly manage a smaller fund than its $3 billion predecessor and will avoid corporate debt.
Larson has reportedly received interest from investors totaling between $250 million and $500 million.
Sowood, which Larson founded after leaving his job managing money for Harvard University’s endowment, was one of the earliest and highest-profile victims of the subprime mortgage mess. The three-year-old firm closed its doors last year after losing 50% of its value.
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.