Monday, 30 March 2015
Last updated 20 min ago
Jul 13 2011 | 9:20am ET
Newly-appointed International Monetary Fund Managing Director Christine Lagarde has named a hedge fund and White House veteran her top deputy.
David Lipton will become the IMF's first deputy managing director on Sept. 1, but will begin as a special adviser at the fund on July 26. Lipton is currently senior director for international economic affairs at the National Security Council and National Economic Council. A former top Treasury Department official under President Bill Clinton, Lipton spent five years of the George W. Bush administrations at Moore Capital Management before joining Citigroup.
Lipton's appointment continues the tradition of having an American as the number two at the IMF to a European chief. It's also something of a homecoming for Lipton, who worked at the IMF from 1981 to 1989.
The dynamic between the former hedge funder, whose appointment was pushed by the White House, and the IMF's new boss could be an interesting one. Lagarde, during her tenure as France's finance minister, was fiercely critical of hedge funds and pushed for harsh regulation of the industry.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…