Tuesday, 23 September 2014
Last updated 1 hour ago
Oct 8 2008 | 8:38am ET
Desperate times call for desperate measures. With the market turmoil creating opportunities for hedge funds as many clients head for the door, many top hedge funds—closed for years to new investors—are reopening their doors.
Roberto Cagnati of Swiss fund of hedge funds shop Partners group told Reuters, “There’s almost no closed fund at this point.”
“You get calls from guys you never talked to before,” Cagnati, head of fund manager selection at Partners, said. “There’s really no guys we couldn’t meet—it’s a good opportunities to build relationships.”
But, he warns, top managers’ new inclusiveness isn’t going to last. “It’s likely to change again at some point.”
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.