Tuesday, 23 September 2014
Last updated 9 hours ago
Jun 7 2010 | 2:10pm ET
Europe’s largest hedge fund may be the home to Europe’s largest pay cut.
Directors and employees of Brevan Howard Asset Management split just £54.2 million last year, according to the accounts for Brevan Howard Services. The previous year, the figure was £258.9 million.
Brevan Howard Services handles the London-based hedge fund’s payroll and office administration.
The 2009 pay figures only cover eight months, as Brevan Howard has shifted its fiscal year. It covers all staff costs for the firm’s 214 employees.
Brevan Howard this year opened an office in Switzerland with room for as many as 50 staffers.
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.