Monday, 22 September 2014
Last updated 2 days ago
Sep 2 2010 | 10:50am ET
The financial crisis has taken its toll on Vanity Fair’s annual “New Establishment” rankings. And the list of the 100 most influential people is especially light on alternative investment honchos.
Just two made the cut: McAndrews & Forbes’ Ronard Perelman at 24th, and Appaloosa Management’s David Tepper at 76th. Both suffered the indignity of being ranked behind pop star Lady Gaga (23rd), but the again, so did JPMorgan Chase CEO Jamie Dimon.
Goldman Sachs CEO Lloyd Blankfein took the most precipitous drop. Ranked first last year, he has been replaced at the top by Facebook founder Mark Zuckerberg. But didn’t just fall to second place. He fell right out of the top 10, 20, 50 and almost off the list entirely: He ranked dead last, in 100th place.
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.