Sunday, 19 April 2015
Last updated 10 hours ago
Dec 5 2011 | 11:54am ET
The head of a bank-owned hedge fund told a recent industry conference that hedge funds will be the new banks.
As actual banks, larded down with debt and facing tighter capital requirements, become more gun-shy about lending, hedge funds are positioned to take their place, Highbridge Capital Management CEO Glenn Dubin said.
"The most significant and scalable opportunity that we see is in private credit," Dubin told a Bloomberg Link conference last week. The "illiquidity premium is only going to go up as more and more companies go to the shadow banking system to get financed for their businesses."
Highbridge is owned by JPMorgan Chase.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…