Sunday, 21 September 2014
Last updated 1 day ago
Jun 19 2009 | 1:05pm ET
China’s sovereign wealth fund is wasting no time in implementing its plan to invest in hedge funds. Just days after China Investment Corp.’s pointman on hedge funds announced the fund’s intentions, details are emerging about just how much CIC might invest—and who it might invest with.
The Blackstone Group appears to be the biggest winner, The Wall Street Journal reports. CIC may invest $500 million in a Blackstone hedge fund unit.
All told, CIC hedge fund adviser Felix Chee said the $200 billion sovereign fund could invest up to $6 billion in hedge funds by the end of the year.
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.