Tuesday, 23 September 2014
Last updated 7 hours ago
Jan 12 2012 | 5:08am ET
Mehmet Dalman, the vice chairman of Toscafund Asset Management, has left the hedge fund.
Dalman, who was a partner of the firm and who formerly led Commerzbank’s investment bank, quit to focus on his other jobs and interests. The WMG Advisors founder told Reuters that he wanted to “concentrate on other things I want to do.”
“I feel I have done my work for Tosca,” he said. “2008, 2009, 2010 were important years, and I think we did that well. The company is in pretty good shape; it doesn’t need a vice chairman.”
Dalman is a board member at Kazakh mining company ENRC, where he was involved in a nasty corporate governance fight last year. “His commitments with ENRC and interests in China have grown considerably,” Tosca chief economist Savvas Savouri told Reuters.
Dalman will remain involved with Tosca’s property and photography fine art funds.
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.