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 10 2013 | 3:02pm ET
It has not been a lost year for all hedge funds.
Dec 10 2013 | 3:01pm ET
One of the world's most volatile hedge funds is living up to its reputation this year.
Dec 10 2013 | 1:31pm ET
SAC Capital Advisors has agreed to sell its reinsurance business to a group of investors led by industry veteran Brian Duperreault and quantitative hedge fund Two Sigma Investments.
Dec 10 2013 | 1:29pm ET
Former SAC Capital Advisors analyst Jon Horvath's grilling isn't over yet.
Dec 10 2013 | 1:24pm ET
Elliott Management today made good on its threat to try to sink the merger of two pharmaceutical distributors.
Dec 10 2013 | 12:19pm ET
Houston, Texas-based Salient Partners, a $19.1 billion asset management firm, has acquired Teton Strategic Investments (also Houston-based) to offer selective private equity opportunities to high-net-worth clients.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…