Thursday, 18 September 2014
Last updated 1 hour ago
Nov 23 2009 | 6:16am ET
A former Millennium Capital Partners commodity fund manager will launch his own commodity hedge fund in the New Year.
The AN Commodity Fund is the brainchild of Tan Tien Leong, who worked at Millennium in London for two years. The new Singapore-based fund will invest in exchange-traded derivatives, with 30% of the fund in energy, 30% in agriculture and 25% in precious metals.
Tan told Bloomberg News that gold—which has already made a number of prominent hedge fund managers a mint this year—could do even better next year, potentially doubling in price by the end of 2010.
AN, which means peace in Mandarin, will debut in January with US$10 million in assets.
Joining Tan, who spent five years at Goldman Sachs before joining Millennium, at the new venture are Tan Chay Chang as a director and Joanna Han as risk management manager. Both join AN from Asia Genesis Asset Management.
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.