Sept. 23 (Bloomberg) — CoreSite Realty Corp., the developer of data centers that’s owned by Carlyle Group, raised $270 million after pricing the second U.S. initial public offering of September at the middle of its forecast range. The real estate investment trust sold 16.9 million shares at $16 apiece after offering them at $15 to […]
“Liquid alternatives” have been the growth story for the U.S. mutual fund industry this year. Through the end of June, the alternative fund category reached $156 billion in total assets and a one-year organic AUM growth rate of 30.3%, according to Morningstar. In contrast, U.S. equity funds grew AUM by 1%; taxable bond funds declined […]
The Appian Fund returned 0.22% in August as Equity and Fixed Income markets rebounded from July’s global selloff. Tactical Currency, Global Macro and Relative Value Arbitrage strategies performed well during the month, while Event Driven and U.S. Long/Short Equity were the leading detractors. The VIX averaged 13.49 over the course of the month, up 9.8% […]