Dec 11 2013 | 2:23pm ET
Structured-credit hedge fund LibreMax Capital is going back to school.
The New York-based firm, led by former Deutsche Bank star mortgage trader Greg Lippmann, plans to launch a new fund to tap into the $100 billion private student-loan space.
Dec 11 2013 | 2:19pm ET
Five years ago, Wall Street awoke to the shocking news that one of its most respected denizens was a fraud—and the repercussions continue to be felt.
Dec 11 2013 | 2:18pm ET
In the months before his $65 billion Ponzi scheme collapsed, Bernard Madoff carefully planned his downfall—although not carefully enough, his top lieutenant testified yesterday.
Dec 11 2013 | 2:16pm ET
The lawyers battling in SAC Capital Advisors portfolio manager Michael Steinberg's insider-trading trial continued to spar yesterday over what the jury should and shouldn't hear.
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.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…