Tuesday, 23 September 2014
Last updated 2 hours ago
Oct 26 2011 | 8:32am ET
Three months after the U.S. banned from entering the country 60 Russian officials linked to the death of hedge fund lawyer Sergei Magnitsky, Russia has responded in kind.
The Russian Foreign Ministry said Saturday that it had barred dozens of unidentified U.S. officials. While the ministry said it was targeting officials with ties to the controversial prison in Guantanamo Bay, Cuba, the killings of civilians in Afghanistan and Iraq, and the kidnapping or abuse of Russians in the U.S., the move apparently fulfills the country's promise in July to retaliate for the U.S. move. That month, a spokesman for Russian President Dmitri Medvedev said the country's own bans would be "analogous to those announced by the State Dept."
The U.S. ban came a month after a Russian government report concluded that Magnistsky had been denied adequate medical care and was eventually beaten to death. Magnistsky, who represented Hermitage Capital Management in a tax fraud case, had accused Russian Interior Ministry officials of defrauding the hedge fund and had spent almost a year in Moscow's most notorious prisons.
The U.S. did not publicly identify the officials banned, although several high-ranking Interior Ministry officials are believed to be on it.
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 McKitich, CIO of Petty 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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.