Thursday, 18 September 2014
Last updated 13 hours ago
Aug 11 2008 | 12:01pm ET
A pair of John Meriwether protégés are going into business for themselves.
David Ko, the quantum physicist-turned-hedge fund trader, and Stephen Cain have set up Kurtosis Capital Partners in London. The firm aims to raise between $100 million and $250 million for the launch of a global macro volatility hedge fund, The Wall Street Journal reports.
Ko got his start in the hedge fund world at Meriwether’s Long-Term Capital Management, which collapsed amid the Russian debt crisis in 1998. He then joined Meriwether’s successor firm, JWM Partners. Cain also worked at JWM after stints with hedge funds Shumway Capital and Nylon Capital, as well as a period as global head of currency trading at Deutsche Asset Management.
The pair are reportedly eschewing the use of leverage, one of the main factors in the collapse of LTCM.
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.