Thursday, 18 September 2014
Last updated 9 hours ago
Jun 10 2010 | 10:31am ET
The head of asset management at Swiss pension fund manager BVK has been arrested on allegations of misconduct and corruption.
The individual arrested was not identified, but Swiss prosecutors say it is the head of asset management at the firm, which runs the assets of Zürich’s civil servants’ pension fund.
It is unclear when the alleged misconduct occurred; Zürich’s financial department would say only that it deals with matters dating back several years, Investment & Pensions Europe reports. BVK said that none of its employees have been suspended.
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.