Alternative Investments
- Finance
The Fintech Files: Kraken’s ‘savage’ layoffs, more trouble for crypto hedge funds
Staff at Kraken have become the latest victims of the crypto winter after the US-based exchange announced 1,100 job cuts.…
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Saudi crown prince set to invest in Credit Suisse’s new investment bank
Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing…
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Saudi prince sets sights on Credit Suisse spinoff
Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest…
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Credit Suisse loses secondary-advisory executive to Baird
One of the most senior secondary private equity bankers at Credit Suisse has left the investment bank, according to several…
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Are nontraded funds really the best place to invest?
Congratulations. You’ve worked hard and made some money, and now you have access to a new class of investments. But when the…
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Ex-Goldman Sachs MD Adam Iqbal joins Capstone as portfolio manager
Hedge fund Capstone Investment Advisors has hired Goldman Sachs managing director Adam Iqbal to strengthen its portfolio management team. Iqbal,…
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Blackstone sells stake in MGM Grand, Mandalay Bay as Las Vegas icons valued at $5.5bn
Blackstone has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at…
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Apollo poaches new chief pensions strategist from state government
Connecticut state treasurer Shawn Wooden is joining Apollo Global Management as a partner and chief public pension strategist to help…
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Bridgepoint mulls $1bn deal for energy investment firm
Bridgepoint Group in London said it is evaluating a possible bid for Energy Capital Partners, commenting after a report that the…
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Hedge funds shift to decentralised platforms after FTX collapse
Hedge funds are increasingly turning towards private wallets and self-custody after FTX’s collapse showed up the risk of relying on…
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Hedge funds’ 2 and 20 fee structure is facing challenges, former Bridgewater exec says
As hedge funds battle plunging equity markets, rising inflation, and large outflows, they are set to face another challenge next…
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What Carlyle founder David Rubenstein makes of the FTX crash
David Rubenstein co-founded The Carlyle Group in 1987, and it has since become a private equity behemoth with $369bn under…
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Asset managers face divided regulation over ESG investing
The political divide over the role that environmental, social and governance factors should play in state pension investments stands to…
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Hedge funds fall for Dubai over lower tax rates, softer regulation — portfolio managers want in
London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer…
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Bain Capital snares Ropes & Gray London boss for top European legal role
Private equity firm Bain Capital has hired US law firm Ropes & Gray’s London boss for a senior role in…
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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050
Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to…
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COP27 wins and losses: U.S. on the hook to pay for its pollution; natural gas gets nod as transition fuel
For the first time ever, rich nations, including a top-polluting U.S., will pay for the climate-change damage inflicted upon poorer…
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Autumn Statement: Rachel Reeves slams government for protecting banker and private equity bonuses
Shadow chancellor Rachel Reeves has hit out at chancellor Jeremy Hunt for protecting the bonuses of bankers and private equity…
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Why PE’s investor appetite is waning
Investor appetite for private equity is coming under strain. The latest Rede Liquidity Index score – a closely followed industry benchmark…
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Why Goldman Sachs’ global co-head of private equity is in no hurry for acquisitions
How do you spend $10bn during a downturn? That is the question facing the private equity team at Goldman Sachs…
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FTX liquidity crisis forces crypto hedge funds into rethink
Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding, after a liquidity crunch pushed FTX to the…
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Ex-Brevan Howard portfolio manager Luke Sadrian joins Rokos as partner
Rokos Capital Management hired former Brevan Howard portfolio manager Luke Sadrian as an investment officer and partner as part of a commodities…
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Ex-BlackRock executive says ESG investment model is broken
Terrence Keeley had been at BlackRock for about a decade when he reached a contrarian conclusion: ESG doesn’t work. Keeley spent much…
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Crispin Odey soft closes flagship hedge fund after major pound and coal wins
Crispin Odey has closed his flagship European hedge fund to new investments after scoring big wins from shorting the pound in the…
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Chris Hohn’s TCI urges Google parent Alphabet to review staff numbers and take ‘aggressive action’ slash costs
Activist hedge fund TCI Fund Management called on Google parent Alphabet to aggressively cut costs and reduce losses in long-term bets…
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The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’
It’s been seven days since Sam Bankman-Fried said: “FTX is fine. Assets are fine.” Many things remain unclear, but one thing…
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Here’s a cheap way to bet on Bill Ackman making yet more money
Andrew Bary is an associate editor at Barron’s, covering a wide range of financial and investment topics Billionaire investor Bill…
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Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and…
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Hedge funds ‘extremely surprised’ by FTX collapse, eye tighter due diligence
Hedge funds have expressed their shock at the speed and scale of FTX’s collapse, as executives look to introduce tighter…
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Fund industry weighs up ESG under Rishi Sunak: ‘It’s clear he has a cost-cutting agenda’
Asset managers are expecting Prime Minister Rishi Sunak to rise above the low bar set by his short-lived predecessor Liz…
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Fossil fuels and guns can have a place in ESG funds, say FN readers
Fossil fuels and guns aren’t necessarily an ESG deal-breaker, according to Financial News readers, who believe the green investment boom is not just…
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Goldman sees clients boomerang in ‘flight to quality’ as crisis engulfs crypto firms
Goldman Sachs’ head of crypto trading says investors are “coming back” to the bank to carry out crypto trades after…
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TPG’s dry power hits record, but profit falls
TPG reported a lower quarterly profit but collected more in investment management fees and saw the value of investments rise 2%…
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Short-sellers make billions in Meta’s stock plunge
Meta’s stock plunge on 26 October was a golden moment for short-sellers, who netted over $1bn in just two days, according…
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Carlyle’s net income slumps 47% as market turmoil bites
Carlyle Group reported 8 November that its third-quarter net income declined as a slump in publicly traded stocks hit the…
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Ireland tops list of most-shorted European markets
Ireland has leapfrogged France and the UK to become the most shorted European market, amid rising bets against firms including…
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FTSE 100 bosses enjoy bumper bonuses despite uptick in ESG-linked remuneration
The top brass at FTSE 100 companies have enjoyed bumper bonus payouts this year, despite a majority of firms linking…
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FCA targets asset managers as ESG funds review kicks off
The Financial Conduct Authority is probing how asset managers have implemented the regulator’s ESG principles — a move that could eventually lead to…
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Blackstone earnings take beating as private equity portfolio slumps
Blackstone’s net income plummeted in the third quarter as the value of its private equity portfolio declined. The New York investment…
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Tiger Global pulls back on China equity investments
Longtime China investor Tiger Global Management has hit pause on investing in Chinese equities, said people familiar with the matter,…
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Hedge fund sees further sterling weakness after Bank of England’s record rate hike
A London-based hedge fund is expecting the pound to fall further amid rising inflation and a gloomy economic forecast. The…
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Apollo posts $876m loss as retirement unit weighs on results
Apollo Global Management posted its third straight quarterly net loss as rising interest rates continued to weigh on assets held by…
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Credit Suisse amps up efforts to shrink holdings in key business units ahead of planned restructure
Credit Suisse has intensified efforts to sell or shrink holdings in key businesses in recent days, part of a planned…
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Why BlackRock’s ESG balancing act is getting harder
The world’s largest investor is taking heat from government officials on both sides of the climate debate — and the…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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Rokos Capital COO Andrew Brown resigns
Rokos Capital Management chief operating officer Andrew Brown is set to leave the hedge fund around the end of 2022.…
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