Monday, 22 September 2014
Last updated 2 days ago
May 18 2011 | 11:34am ET
A Moore Capital Management veteran may be moving from the White House to the International Monetary Fund.
The Obama administration has mooted naming David Lipton first deputy managing director of the IMF, Reuters reports. Lipton worked at Moore and then Citigroup in between his government stints; he served as undersecretary for international affairs at the Treasury Department under President Bill Clinton and is now a special assistant to President Barack Obama.
Lipton, who spent five years at Moore, is also a former IMF staffer.
Lipton would replace John Lipsky, who announced last week that he would step down in August. Little did he know how eventful his last months would be: Lipsky is currently serving as acting managing director of the IMF following the arrest of IMF chief Dominique Strauss-Kahn in New York on Saturday for allegedly sexually assaulting a hotel housekeeper.
Strauss-Kahn, widely tipped to become the next president of France, was denied bail as a flight risk and is currently awaiting his next court date in a jail cell on Rikers Island.
By tradition, the managing director of the IMF is always a European, while his top deputy is an American.
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.