Tuesday, 23 September 2014
Last updated 6 hours ago
Dec 21 2006 | 10:13am ET
Moscow-based Renaissance Investment Management has raised US$200 million for its newly launched RenFin Fund, which is focused on the banking and financial sectors in Russia and the Commonwealth of Independent States.
The RenFin Fund participates in private placements undertaken by banks to raise additional capital needed to develop their strategy and prepare for a future sale. “The fund manager takes board positions, promotes the banks and supports fundraising from international markets,” stated Sergey Bubnov, head of the alternative product group at RIM.
The fund's exit strategies include IPOs or sale to an external investor or via a management buyout.
RIM, which was founded in 2003, currently manages in excess of US$3 billion. RIM is a part of Renaissance Group, an investment bank operating in Russia and the CIS.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.