Tuesday, 23 September 2014
Last updated 5 hours ago
Aug 6 2010 | 3:03am ET
Black Diamond Capital Management has strengthened its distressed debt and private equity team with the hire of a longtime GSC Group executive.
The $5 billion Greenwich, Conn.-based alternative investments firm has named Philip Raygorodetsky a managing director on its controlled distressed and p.e. group. He will be charged with overseeing Black Diamond’s portfolio companies.
“Philips's knowledge, experience and skill-set make him a perfect fit for Black Diamond,” Stephen Deckoff, managing principal of Black Diamond, said. “He has an impressive breadth and depth of experience in both Chapter 11 and out-of-court restructuring and post-restructuring activities and he adds significant new bench-strength to our existing team.”
Raygorodetsky was senior managing director in the equity and distressed debt group at GSC. He joined that firm in 1997.
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.