Sunday, 21 September 2014
Last updated 2 days ago
Oct 27 2011 | 6:42am ET
Just four years after spinning off from hedge fund giant the Man Group, futures brokerage MF Global Holdings hired a pair of investment banks to consider selling itself.
The New York-based firm's board yesterday hired Evercore Partners and another, unidentified adviser, The Wall Street Journal reports. The move comes just a year-and-a-half after MF Global named former Goldman Sachs CEO and New Jersey Gov. Jon Corzine its CEO.
Corzine has pushed to transform MF into a proprietary trading house. Investors have been less-than-impressed with the results, with the firm's stock price plummeting and its bond rating following due in part to its $6.3 billion in exposure to European sovereign debt, trades overseen by Corzine.
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.