Tuesday, 23 September 2014
Last updated 4 hours ago
Jul 19 2010 | 11:34am ET
Hermitage Capital Management founder William Browder is banned from Russia. He’d like the same treatment to be extended to 60 Russian officials he calls responsible for the death in prison of Sergei Magnitsky, a lawyer for his hedge fund.
Browder met with members of the European Parliament last week to discuss imposing “visa sanctions” on the Russian officials, The Sunday Express reports. Magnitsky died in one of Moscow’s most notorious prisons in November, with human rights activists claiming the 37-year-old was tortured and denied adequate medical care.
Magnitsky had been arrested after he accused Russian Interior Ministry officials of defrauding Hermitage and the Russian treasury of US$230 million. Russia, in turn, accused Broweder and Hermitage of a US$16.9 million tax evasion, the crime for which Magnitsky was arrested.
Russian officials, including President Dmitri Medvedev, have expressed remorse over Magnitsky’s death. But an investigative committee earlier this month chose not to file criminal charges against the investigators who pushed for Magnitsky to remain jailed.
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.