Tuesday, 23 September 2014
Last updated 1 hour ago
May 12 2010 | 2:50am ET
New Jersey’s State Investment Council is headed by a hedge fund manager and big-time Democratic Party donor. So the Garden State’s new Republican governor is hoping to add some alternatives balance.
Gov. Chris Christie yesterday nominated private equity veteran Robert Grady to the 13-member board. Grady, who lives in Jackson Hole, Wyo., served as budget adviser to Christie’s transition team.
Grady is a managing director at Denver-based p.e. firm Cheyenne Capital Fund and is a former partner at the Carlyle Group. He was one of three nominees to the Investment Council, led by Boston Provident Partners chief Orin Kramer, sent by the governor to the state Senate.
Kramer’s term as chairman of the council, which oversees $68 billion on behalf of New Jersey’s public pensions, expires in September.
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.