Monday, 22 September 2014
Last updated 2 days ago
Sep 9 2010 | 1:58pm ET
A former British trade minister has been named chairman of hedge fund PineBridge Investments.
Mervyn Davies took the non-executive post last month at the New York-based firm, which has about $78 billion in assets under management. Davies, who will be based in London, was trade minister from January 2009 through May, when the ruling Labour Party was ousted from office.
Before joining the government, Davis was CEO of Standard Chartered Bank.
PineBridge is the former asset management arm of insurance giant American International Group. The firm was bought in March by businessman Richard Li.
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.