Sunday, 21 September 2014
Last updated 2 days ago
Dec 16 2011 | 4:04am ET
A hedge fund has acquired one of the rarest coins in the world for more than $7 million.The unidentified Wall Street firm bought the 1787 Brasher gold doubloon last month for $7.4 million through a New Orleans-based intermediary, the seller, Steven Contursi, said. Contursi’s Rare Coin Wholesalers bought the coin six years ago for less than $3 million.
The Brasher doubloon is considered the first American-made gold coin denominated in dollars. It was minted by goldsmith Ephraim Brasher, who lived in New York, next door to future president George Washington.
Brasher continued to make the doubloons, but later minting included his initials.
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.