Sunday, 21 September 2014
Last updated 1 day ago
Jul 15 2010 | 11:06am ET
For the second time this week, Deutsche Bank has lost a top proprietary trader to the hedge fund world.
Nelson Saiers has joined New York-based Alphabet Management, Bloomberg News reports. Saiers will head a volatility derivatives trading group at the $170 million firm.
At Deutsche Bank, Saiers served as a managing director for proprietary derivatives trading. But Germany’s largest bank is winding down its prop. trading operations, which led both Saiers and Pablo Calderini, its head of proprietary stock trading, to seek opportunities in the alternative investments industry.
Saiers has worked for Deutsche Bank for three years. He previously spent time at UBS and Susquehanna International Group.
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.