Saturday, 20 September 2014
Last updated 1 day ago
Jun 30 2011 | 12:08pm ET
James Duckworth-Chad has fled the sinking ship that is RAB Capital for a hedge fund not in imminent danger of ceasing to exist.
A sales director at RAB for almost four years, Duckworth-Chad will join Chilton Investment Co., Dow Jones reports. The US$7 billion firm specializes in long/short equity investments.
RAB last week finalized plans to de-list from the Alternative Investment Market and become a private company. The firm will halve its staff and this week struck a deal to sell two of its hedge funds, holding on to just four. RAB said its assets under management will drop below US$200 million by October, down from US$7 billion four years ago.
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.