Dec 10 2013 | 3:05pm ET
Six years after the financial crisis began and more than three since it was mandated by Congress, U.S. regulators have approved the Volcker rule, barring banks from proprietary trading and strictly limiting their alternative investment activities.
The Commodity Futures Trading Commission, Federal Deposit Insurance Corp., Federal Reserve Board and Securities and Exchange Commission all voted to approve the rule today. The Fed also approved an extension giving banks until July 2015 to come into compliance with the new regulation.
Dec 11 2013 | 12:12pm ET
ClearVest, the alternative investment platform launched earlier this year by Clearbrook Global Advisors, HedgeACT and The Alpha Cooperative, is officially open for business.
Dec 11 2013 | 12:05pm ET
Hedge funds posted broad but uninspiring gains in November as they crawl to the finish in their worst year against the Standard & Poor's 500 Index in more than a decade.
Dec 11 2013 | 12:04pm ET
Carl Icahn closed his hedge fund and returned outside capital to investors more than two years ago. But that doesn't mean investors can't get a piece of the legendary corporate raider, who at 77 may be having the best year of his storied career.
Dec 11 2013 | 12:03pm ET
Phillip Falcone's wireless Internet venture's share of the electromagnetic spectrum may not be his much longer, but the company can still seek to punish his nemesis.
Dec 11 2013 | 12:02pm ET
If banks are grumbling—quietly—about the new restrictions they face under the Volcker rule, approved yesterday, the alternative investments industry is celebrating a new opportunity.
Dec 11 2013 | 11:21am ET
After eight months, bankers and hedge fund managers are anything but impressed with the U.K.'s new Financial Conduct Authority.More News
Nov 26 2013 | 12:50pm ET
Alternative investment firm Apollo Aviation Group has a rather unusual market niche: it specializes in leasing and trading commercial aircraft and engines as well as acquiring and dismantling aircraft and engines for parts.
Since its founding in 2002, Apollo, which has $1.36 billion in assets under management, has set up and managed 10 funds. To find out more about Apollo, FINalternatives Senior Reporter Mary Campbell spoke with Managing Director David Treitel.
Dec 10 2013 | 10:08am ET
The overriding issue confronting markets today is Central Bank activity. They have dominated markets’ consciousness over the last three years and this looks set to continue for the foreseeable future. In this article, Brian Walsh, chairman and chief investment officer of Saguenay Strathmore Capital, explores the impact Central Bank activity has had on the economy, the markets in general and on hedge fund strategies.
Dec 2 2013 | 7:03am ET
Highland Capital Management founder James Dondero's wife apparently won't let a jury verdict get between her and as much of his money as possible.
Rebecca Dondero plans to sue her husband again to seek more than the $5 million set in the couple's prenuptial agreement. The move follows a jury's ruling that both Donderos violated the prenup—and thus that it should remain in place.
Dec 5 2013 | 9:51am ET
Do you have a job opening at your firm? Post a vacancy free for the month of April. Visit the FINalternatives Job Board and use code SNOW. Please only post job vacancies aimed at the asset management industry or related financial services professionals. Read more…