Tuesday, 23 September 2014
Last updated 6 hours ago
Nov 10 2009 | 10:02am ET
Affiliated Managers Group has taken a stake in Hong Kong-based hedge fund Value Partners Group.
Value Partners focuses on investments in greater China, and has US$4.6 billion in assets under management. Terms of the deal, including the price AMG paid for the 5% stake, were not disclosed, but the two will collaborate on distribution and product development. The deal also paves the way for Beverly, Mass.-based AMG to open its own Hong Kong office, for sales and marketing, next year.
“Our investment in Value Partners marks our entry into the Greater China region, and we are very pleased to partner with one of the largest and most respected independent boutique asset management firms,” Sean Healey, CEO of AMG, said.
AMG invests in asset management companies, and owns stakes in hedge funds AQR Capital Management, BlueMountain Capital Management and ValueAct Capital.
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.