Wednesday, 17 September 2014
Last updated 4 hours ago
Sep 14 2011 | 12:02pm ET
For the second time in little more than a year, Iftikhar Ali is on the move.
The former Bank of America trader has joined credit hedge fund Observatory Capital Management. He will focus on emerging markets for the Brummer & Partners-backed firm's Credit Markets Fund, Financial News reports.
Before starting at London-based Observatory on Monday, Ali was a fixed-income portfolio manager at Millennium Capital Partners. He spent just over a year at that firm, having joined it in May of last year after leaving James Caird Asset Management. Like his tenure at Millennium, Ali's stay at James Caird was a short one—he left after just 10 months, reportedly over a compensation dispute.
Observatory manages more than US$900 million, including on behalf of Brummer, which added the firm to its platform early last year.
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...