Saturday, 20 September 2014
Last updated 1 day ago
Feb 4 2011 | 2:11am ET
Fabrice Tourre, the Goldman Sachs executive being sued over his role in a controversial collateralized debt obligation, is casting a wide net for evidence in his defense.
In December, he subpoenaed Fox News, court documents show. It is unclear what information Tourre is seeking from the conservative news network.
Tourre has been accused by the Securities and Exchange Commission of misleading investors in a collateralized debt obligation allegedly structured and marketed on behalf of hedge fund Paulson & Co. Goldman was also sued, but settled the charges for $550 million.
Depositions in the case began this week.
This week, Tourre's lawyers also sought permission to issue some seemingly more relevant subpoenas, including to ACA Financial Guaranty, the largest investor in the CDO in question.
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.