Thursday, 18 September 2014
Last updated 20 min ago
Aug 25 2009 | 12:07pm ET
Transparency may be the buzzword in alternative investment circles these days, but Bridgewater Associates is none-too-happy about too much transparency.
The Connecticut hedge fund giant, which has more than $70 billion in assets under management, is trying to tamp down on the tendency for its daily communiqués with clients to find their way into reporters’ inboxes. Bridgewater began encrypting its electronic communications last week in order to keep them from being forwarded to the press.
Ironically enough, news of the firm’s new policy comes via an e-mail forwarded to the New York Post.
Anticipating a new problem—clients unable to figure out how to get to the firm’s reports—Bridgewater has set up a help desk to guide its investors through the multi-step process, the tabloid reports.
In May, Bridgewater chief Raymond Dalio told the firm’s investors that the Westport, Conn., shop was planning something to keep his words from getting into the wrong hands, such as “the media, competitors and dealers.”
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.