Wednesday, 27 August 2014
Last updated 8 hours ago
Oct 13 2008 | 10:03am ET
The vultures are circling hedge fund investors, in the form of an innovative new fund of hedge funds.
Permal Investment Management Services has launched a fund of funds to buy hedge fund investments at a steep discount from other funds of funds forced to sell.
The fund, which has been buying about one investment per month from various sellers, can generally buy the investments at a 25% to 30% discount to their market value, but the ongoing market disaster is playing right into its hand.
“Now, it’s available at a much grander scale,” Omar Kodmani, senior investment officer, told Financial News. “Discounts could be anywhere between 10% and 50% in the extreme. Now, larger discounts are available than is normally the case.”
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...