Friday, 19 September 2014
Last updated 6 hours ago
Oct 1 2010 | 3:36am ET
A top Fidelity Investments money manager is set to try her hand at running hedge funds.
Brenda Reed is joining New York-based George Weiss Associates. When she takes up her new post in January, she’ll launch a global long/short hedge fund, with a possible long-only fund launch in the future, Pensions & Investments reports.
“I’m really interested that their product is basically a market-neutral product,” Reed said of her new employer. “That’s exciting, because after the experience of the last couple years, that’s really what clients are looking for.”
At Fidelity, Reed manages US$1.3 billion in funds, including the firm’s Global Focus Fund, which she launched seven years ago. She’ll move from London to New York to begin her job at George Weiss.
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.