Wednesday, 17 September 2014
Last updated 9 hours ago
Aug 11 2010 | 9:13am ET
Northern Trust has entered into an alliance with Deutsche Bank that will give the firm’s hedge fund clients access to Deutsche Bank’s prime brokerage while keeping their assets safely segregated.
Northern Trust’s prime custody clients will now have two options for the securities finance needs: The firm struck a similar deal with Merlin Securities last year.
Deutsche Bank last year launched a platform that allows clients to segregate their assets and keep them with a custodian. Many other prominent prime brokers have done likewise, seeking to allay investor fears following the impounding of prime brokerage assets after the collapse of Lehman Brothers. A British judge has ruled that Lehman failed to properly segregate client assets.
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.