Saturday, 20 September 2014
Last updated 23 hours ago
May 3 2011 | 4:02am ET
Former hedge fund executive Michael Abbott may have an aversion to ivy.
Abbott, named chief investment officer of Cornell University just six months ago, has left the Ivy League school. Cornell said that former Robeco-Sage Capital CEO "stepped down" from his post after "it had become apparent that his style of conducting business is inconsistent with Cornell's policies and expectations."
"Accordingly, he and the university have agreed that it is in their mutual interests to end the relationship," Tommy Bruce, a spokesman for the school, said.
Abbott was hired in November to replace James Walsh, who left the Ithaca, N.Y., college to launch a hedge fund, Cayuga Capital Partners.
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.