Monday, 1 September 2014
Last updated 3 days ago
Dec 16 2008 | 3:50am ET
KBC, the Belgian financial services firm, is scaling back its hedge fund activities, it said yesterday.
The firm plans to discontinue some of its “hedge fund-related activities,” including closing its KBC Alternative Investment Management service. The moves are part of a larger strategic review at KBC, which is seeking to cut costs and has already imposed a hiring freeze in its home country for next year. The firm last month received a US$4.7 billion capital infusion from the Belgian government.
KBC said the hedge fund cutbacks would lead to layoffs where no suitable internal transfers are available. KBC Alternative Investment Management employs 28 people in New York, London and Hong Kong. The group focuses on relative value and market-neutral strategies.
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 ...