Friday, 29 August 2014
Last updated 2 hours 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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...