Tuesday, 30 September 2014
Last updated 9 min ago
Oct 12 2011 | 6:29am ET
The U.K.'s defense secretary is in hot water over his relationship with a top hedge fund manager.
The media and members of the opposition Labour Party have called for the resignation of Liam Fox after it emerged that a friend of Fox's had been given a free desk at the offices of CQS, the hedge fund headed by major Conservative Party donor Michael Hintze. It is unclear what, if anything, Adam Werritty does for Hintze or CQS, or what, if anything, Fox did to help his friend.
But in addition to the office space, Hintze also flew Fox and Werritty back from the U.S. in May. Sources close to the hedge fund manager deny that Werritty has been paid by the hedge fund.
It is thought that Werritty works as a lobbyist; The Telegraph reports that Fox has told friends that Werritty has five clients.
According to a former girlfriend of Werritty's, "he literally had an office there" at CQS, "tucked away in the administration area. He was off the floor, he wasn't part of the hedge fund. He was just given free office space."
Contacted by the Telegraph, a receptionist appeared to indicate that Werritty did, in fact, work out of CQS' offices.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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 trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.