Tuesday, 23 September 2014
Last updated 13 hours ago
Apr 14 2010 | 11:50am ET
Prime brokerage firm NorthPoint Trading Partners and its new owner, ConvergEx Group, have rolled out an integrated prime services business.
The new model combines NorthPoint’s prime brokerage services and ConvergEx’s investment technologies, the firm said in a statement. NorthPoint clients will now have access to ConvergEx’s algorithmic trading strategies, agency liquidity services and execution desk, among other services.
“ConvergEx is known throughout the industry for its strong commitment to technological innovation and together we have deep insights into the needs of hedge funds. In fact, just between ConvergEx’s NorthPoint and Eze OMS businesses, we serve more than a half‐trillion dollars of hedge fund assets,” NorthPoint CEO Douglas Nelson said. “By offering a solution for virtually all of our clients’ needs, from start‐up services and capital introduction to advanced execution technologies, we have created a one‐stop shop that is truly unique in the marketplace and one that gives our clients a considerable edge
ConvergEx bought NorthPoint in November.
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.