Sunday, 21 September 2014
Last updated 1 day ago
Oct 7 2008 | 10:11am ET
The Man Group and Close Brothers plan to liquidate a joint closed-end fund of hedge funds after it posted staggering losses.
Investors in the Close Man fund will vote on whether to wind up the fund, which has lost more than 94% of the £70 million it raised in 2004. Until that vote, redemptions and valuations have been suspended, Financial News reports.
The structured product invests some of its assets in the Man MS Sterling hedge fund.
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.