Tuesday, 23 September 2014
Last updated 50 min ago
Aug 23 2010 | 11:49am ET
Former Man Group CEO Stanley Fink will be keeping his third job for a little longer.
Fink, who heads hedge fund International Standard Asset Management and green investment firm Earth Capital Partners, had planned to step down as co-treasurer of the U.K.’s Conservative Party following May’s elections, which resulted in a Tory-Liberal Democrat coalition government. But Fink will remain on the job for at least a little longer, after Tory treasurer-designate David Rowland resigned from the job before even taking it up in October.
Rowland said he would decline the post to focus on his “developing business interests.”
Fink’s co-treasurer, Michael Spencer, is sticking to his plans to step down. But Fink will stay, despite his own developing business interests, as the party’s sole treasurer.
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.