Tuesday, 23 September 2014
Last updated 3 hours ago
Aug 15 2008 | 7:23am ET
A London hedge fund that a Goldman Sachs vehicle owns a stake in more than doubled its revenue last year, according to company filings.
Capula Investment Management, which Goldman’s Petershill private equity fund bought a nearly 20% stake in earlier this year, said income soared 115% to £38.2 million for the year ended last September, Financial News reports. The three-year-old hedge fund paid some £29.1 million in profit distributions to its six members and Capula Investment Services.
Capula has raised some US$4.15 billion since its inception, mostly for its flagship global relative value hedge fund. It has also recently launched a long-only vehicle.
The US$500 million Petershill fund, run from London by Jonathan Sorrell, paid as much as US$100 million for its non-voting 19.99% stake in Capula. The fund has also bought stakes in Trafalgar Asset Management and Winton Capital Management.
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.