Tuesday, 23 September 2014
Last updated 12 hours ago
Oct 8 2009 | 1:23am ET
The former head of defunct hedge fund Deephaven Capital Management has won the backing of hedge fund seeder FRM Capital Advisors for his own shop.
Sanjiv Bhatia, who headed Deephaven’s Asia office, has founded Isometric Capital Management in Hong Kong. The new firm’s maiden offering, expected to debut at the beginning of September, will employ an event-driven strategy focusing primarily on equities.
Isometric’s first fund is likely to launch with between US$50 million and US$75 million in assets under management. About US$40 million of that comes from FCA, which marks the Financial Risk Management group’s first foray into Asia.
“This deal reinforces the global nature of FCA's business and is the first investment we have made outside of the US and Europe,” Neil Mason, FCA’s chief investment officer, said. “Asia is an important focus in our manager research.”
“Asian markets are changing constantly, with periods of significant volatility, as well as opportunity,” Bhatia, who worked at Deephaven for four years, added. “Our holistic approach to fundamental research across the entire capital structure, combined with a long investment history and solid risk management, allows us to have low correlation to markets and protect against downside volatility whilst capitalizing on opportunities for our investors.”
The deal with Isometric is the third announced by FCA in the last four months.
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.