Thursday, 28 August 2014
Last updated 4 hours ago
Aug 19 2009 | 9:05am ET
While most hedge funds have gorged themselves on financial services stocks, Perry Capital is running the other way.
The $6 billion hedge fund has actually cut its holdings in financials at precisely the time when his peers have been betting the farm on them—and winning, so far. Perry reduced its financials portfolio by 10% in the second quarter, according to Wealth Bulletin.
At the same time as Perry was cutting, many other hedge funds and private equity shops were buying financials, among them Paulson & Co., JANA Partners and Steel Partners. In a recent filing with the Securities and Exchange Commission, JANA reported buying more than 3.6 million shares of Bank of America, currently worth more than $61 million.
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 ...