Monday, 22 September 2014
Last updated 3 hours ago
Jan 17 2012 | 12:05pm ET
Millennium Management is poised to be the first foreign player in the hedge fund industry's newest territory.
The New York-based firm is in talks with South Korean regulators about opening a local affiliate, the Yonhap News Agency reports. While no official application has been made, one is expected soon and approval could come as early as this month.
Hedge funds have technically been legal in the country for almost three years, but did not become practically possible until last month. South Korea's Financial Services Commission—the agency that Millennium is working with—has approved nine local firms to begin offering hedge funds.
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.