Friday, 19 September 2014
Last updated 2 hours ago
Dec 22 2010 | 11:02pm ET
The namesakes behind oil and gas hedge fund Nanes Balkany Partners are splitting up.
Julien Balkany has left the New York-based activist firm, it said yesterday. Co-founder Daryl Nanes has taken sole control of the reins at Nanes Balkany, which has enjoyed a string of unbroken successes since its establishment three years ago. The firm rose about 23% in 2008, its first year, and returned 48% last year. It is up about 43% this year.
“I am very proud of our accomplishments over the last three years and the experience has been one of the most rewarding of my career,” Balkany said. “As a French national, I have always kept some focus on Europe for the next stage of my career and I feel that the success of Nanes Balkany Partners allows me to now move on to take on new opportunities and challenges.”
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.