Tuesday, 23 September 2014
Last updated 3 hours ago
May 26 2010 | 10:40am ET
Citadel Investment Group has lost yet another top executive, although this time it’s not from the hedge fund giant’s investment banking unit.
Craig Mohan, who head Citadel’s global infrastructure business, is joining the CME Group. As at Citadel, where he oversaw the firm’s co-location and data center, Mohan will lead CME’s new co-location and hosting business, which is due to come online in 2012.
Citadel and CME have had a close working relationship in recent years, which included ill-fated plans for a credit derivatives clearinghouse.
In recent months, Citadel Securities, which Citadel founder Kenneth Griffin hopes to turn into a full-service investment bank, has been hit with a rash of top-level departures, many reportedly due to disagreements with Griffin himself. The unit has lost its first two leaders, Rohit D’Souza and Patrick Edsparr, as well as the exits of its investment banking, institutional trading and convertible bond chiefs.
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.