Thursday, 24 July 2014
Last updated 4 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…