Tuesday, 23 September 2014
Last updated 7 hours ago
Nov 22 2010 | 9:33am ET
Former Man Group CEO Stanley Fink has been named a member of Britain's House of Lords, just months after helping lead the Conservative Party back to power for the first time in 13 years.
Fink is one of 54 people—including 28 Tories—set to be ennobled by Queen Elizabeth II. The CEO of hedge fund International Standard Asset Management is the current treasurer of the Conservative Party and helped lead its fundraising effort in advance of this year's election. He himself chipped in £2 million.
Fink is expected to play an active role for the Tories in the upper house, which can delay but cannot stop legislation passed by the House of Commons.
He left Man in 2007 after seven years at the helm.
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.