Tuesday, 23 September 2014
Last updated 1 hour ago
Oct 15 2010 | 12:17pm ET
For its new chief operating officer, hedge fund Richland Capital Management went prime.
The Hong Kong-based hedge fund has hired Elena Lau, formerly a prime brokerage executive at Bank of America Merrill Lynch, to head its operations. Lau worked for five years at BofA, where she was a vice president, after previous stints at Goldman Sachs and JPMorgan Chase.
Richland didn’t raid its own prime brokerage to fill its COO post; the firm is serviced by UBS.
“After spending 14 years servicing hedge funds, I’m delighted to go to the buy-side,” Lau told Asian Investor.
She’s not the only new hire at Richland. The hedge fund has added Alden Chung and Wing Shek Lau from Apex Capital Management. Chung is a portfolio manager and handled event-driven and equity long/short strategies at Apex, while Lau was a trader.
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.