Tuesday, 23 September 2014
Last updated 2 hours ago
Sep 28 2010 | 12:24pm ET
Avenue Capital Group has jumped into the sweepstakes to lure Goldman Sachs’ top proprietary traders.
The $19 billion New York hedge fund is in talks with Robert Howard, the head of Goldman Sachs Principal Strategies’ U.S. team, about joining the firm and bringing his group with him. Howard is also negotiating with private equity giant Kohlberg Kravis Roberts and boutique investment bank Perella Weinberg Partners, Bloomberg News reports.
Earlier this month, BlackRock, the Carlyle Group and Pacific Investment Management were also reported to be pursuing the group.
Goldman earlier this month decided to close its prop. trading desks to bring it into compliance with newly-enacted U.S. banking regulations. The bank’s Asia prop. trading chief, Morgan Sze, is reportedly considering the launch of his own hedge fund.
Other members of the Principal Strategies team are expect to be reassigned within Goldman, while still others are likely to seek employment elsewhere.
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.