Friday, 26 December 2014
Last updated 1 day ago
Jul 31 2008 | 12:22pm ET
A Japanese lender controlled by private equity firm Cerberus Capital Management is having difficulty with another part of the alternative investment world.
Aozora Bank blamed its hedge fund investments in part for its plummeting fiscal first-quarter profit. The firm said today that net income fell to ¥9.33 billion (US$86.6 million), down 75% from the ¥37 billion it made a year earlier. A decline in fees collected was also noted as a cause of the shrinking profit.
Cerberus earlier this month struck a deal to pay as much as US$416 million to raise its stake in Aozora to 46%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.