Thursday, 18 September 2014
Last updated 14 hours ago
Jun 21 2010 | 1:46pm ET
A former partner of TPG-Axon Capital Management will launch a hedge fund in October, and has snagged his old firm’s former top trader and another partner for his new one.
Eric Mandelblatt founded Soroban Capital Partners in New York after leaving TPG-Axon earlier this year, Bloomberg News reports. The new firm will focus on stocks, but will also trade credit.
Joining Mandelblatt at the new firm are Gaurav Kapadia, another former partner at the Texas Pacific Group-owned hedge fund, and TPG-Axon head trader Scott Friedman. Mandelblatt has also hired former Kallix Advisors CFO Vito Tanzi.
Before joining TPG-Axon, Mandelblatt worked at Goldman Sachs, rising to chief operating officer of its U.S. principal strategies group in 2004 before leaving the firm a year later.
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.