Tuesday, 23 September 2014
Last updated 1 hour ago
Jan 4 2011 | 1:59pm ET
Citadel Investment Group's investment-banking unit continues to hemorrhage top executives at an alarming rate, with three more exits to close out 2010.
Chris Boas, Brad Kurtzman and Carl Mayer have all left Citadel Securities, Bloomberg News reports. The exits bring the number of top executives who have left to nine in the last 15 months, and more than a dozen in the last few years, and follow a dozen layoffs of sales and trading staff in October.
It was also in October that Boas, head of credit markets, and Kurtzman, head of equity derivatives, took over for institutional sales chief Brennan Warble. Kurtzman, who began his Citadel career at the firm's hedge fund unit in 2006 before joining the bank in 2009, took over its derivatives operation just over two months ago as well.
Citadel is conducting searches to fill Boas and Kurtzman's posts. John Kilgallon will replace his old boss, Carl Mayer, as head of leveraged finance.
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.