Friday, 19 September 2014
Last updated 31 min ago
Jul 31 2008 | 12:16pm ET
Fort Lauderdale, Fla.-based INTL Consilium has teamed up with Nigeria’s First City Monument Bank to launch a US$100 million hedge fund investing in Africa and the Middle East.
The Legacy Africa Alpha Fund will invest exclusively in Africa and Middle East debt and equity, capping its Middle Eastern exposure to 30% “to ensure significant exposure to Africa’s fastest growing economies.”
“Africa is the most exciting investor destination and is likely to remain so for the foreseeable future,” said FCMB CEO Ladi Balogun. “We are leveraging on INTL's experience and track record successfully managing funds for some of the most discerning international institutional investors. We bring access to rare investment opportunities, local knowledge and market insights. INTL and FCMB have had a relationship for over 15 years, which will be a further source of comfort for our investors.”
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.