Tuesday, 23 September 2014
Last updated 2 hours ago
Feb 1 2012 | 2:37am ET
Money is still missing at collapsed brokerage MF Global—but investigators now think they know what happened to it.
A Commodity Futures Trading Commission-led probe has determined what became of almost all of the customer money that disappeared as MF Global slouched towards bankruptcy last year, The New York Times reports. But authorities haven't actually recovered all of it, merely tracing the hundreds of millions of missing dollars, some of it belonging to MF Global hedge fund clients, to banks.
The CTFC isn't saying where the money wound up, as it determines the best way to try to get it back. All authorities will say is that they are making progress and have traced more than 90% of transfers.
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.