Saturday, 20 September 2014
Last updated 16 hours ago
Aug 24 2011 | 11:24am ET
Hedge fund managed accounts platform HedgeMark International has taken another step towards integration with possible future parent Bank of New York Mellon.
The Los Angeles- and New York-based firm named BNY Mellon senior executive vice president Richard Brueckner its non-executive chairman. Brueckner also serves as chairman of BNY Mellon's Pershing unit, which in February became a major investor in HedgeMark with an option to take control of the platform over the next five years.
"HedgeMark has established a leadership role in addressing many of the major issues driving change in todayʼs alternative investing industry,” Brueckner said. “A focus on independent hedge fund governance, integrated with transparency and risk management, is of vital concern to institutional and high net worth investors, as well as regulatory agencies, worldwide."
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.