Tuesday, 23 September 2014
Last updated 2 hours ago
Jan 5 2010 | 12:59pm ET
Citadel Investment Group’s nascent investment banking venture has snagged Royal Bank of Scotland Group’s Art de Pena for its credit business.
De Pena will serve as a managing director in loan sales at Citadel Securities, based in New York, Bloomberg News reports. He was most recently head of loan sales at RBS.
Citadel Securities debuted in October, with the credit desk its first business line. The Chicago-based hedge fund giant has sought to expand its new investment bank as it seeks to become a full-fledged financial services firm.
The firm has been aggressively hiring in recent months, despite the departure in October of Citadel Securities chief Rohit D’Souza. Media reports indicate that Citadel founder Kenneth Griffin found D’Souza too “methodical” and wanted a stronger operator as it went into business. Citadel Europe president Patrick Edsparr now heads Citadel Securities.
Sep 22 2014 | 4:15pm ET
I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.