Tuesday, 23 September 2014
Last updated 3 hours ago
May 21 2010 | 10:07am ET
The Asian prime brokerage arms race continues apace, as Credit Suisse announced its latest hire in the space.
Vasundhara Pradeep has been tapped to lead the Swiss bank’s technology for start-up and emerging Asia-Pacific hedge funds, a new postion. Pradeep, who joins from UBS, will be based in Hong Kong.
“Working closely with the bank’s prime services coverage team, Ms. Pradeep will lead Credit Suisse’s efforts to provide its hedge fund clients with consultancy services in business-critical areas such as infrastructure, technology and talent,” Credit Suisse said.
Pradeep worked in prime brokerage sales and business consulting at UBS.
Pradeep’s hire follows news that Barclays Capital has boosted the size of its Asia prime brokerage by 65% and that Citigroup has added eight professionals to its offices in Hong Kong, Singapore and Sydney, Australia. Bank of America Merrill Lynch has also been busy, hiring Morgan Stanley’s Futoshi Ago for its Japanese prime brokerage last month.
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.