Sunday, 21 September 2014
Last updated 1 day ago
Jan 22 2009 | 12:35am ET
Apollo Management is planning a suite of commodity-based alternative investment products, led by a hedge fund investing in battered cooper, gold and mining stocks.
The New York firm plans to raise $500 million for the fund, which has a capacity of about $2 billion, Bloomberg News reports. The fund will focus on precious metals and natural-resources stocks listed in London, Sydney and Toronto. Metals took a beating last year, with the London Metal Exchange Index falling by almost half.
Mark Thompson, the former chief investment officer at commodities hedge fund shop Galena Asset Management, is to manage the new offering. The firm hired Morgan Stanley veteran Neal Shear last year to start its commodities business.
The metals hedge fund is the first of four offerings planned by Apollo. The firm plans hedge funds focused on agriculture and energy, as well as a commodity private-equity offering that will invest between $50 million and $350 million per deal.
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.