Monday, 22 September 2014
Last updated 6 hours ago
Apr 29 2010 | 12:40pm ET
Citadel Investment Group is backing away from troubled online brokerage E*Trade Financial, which it has bailed out twice in recent years.
The Chicago-based hedge fund giant sold 172 million E*Trade shares in a secondary offering today, cutting its nearly 10% stake in the firm by 17%. E*Trade priced the shares at $1.75 apiece.
E*Trade will receive no proceeds from the offering.
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.