Friday, 29 August 2014
Last updated 14 hours ago
Feb 7 2012 | 11:19am ET
The U.K.'s ruling Conservative Party has swapped hedge fund managers at the head of its campaign war chest.
RK Capital Management founder Michael Farmer, who has given the party some £3 million, was named co-treasurer. He succeeds Stanley Fink, the former Man Group CEO who now leads hedge fund International Standard Asset Management, and who was rewarded with a peerage for his work helping put the Tories into office a year-and-a-half ago.
Fink, who will also leave the Tories' board, is stepping down to focus on "business interests and philanthropic work." He had originally planned to step down after the May 2010 election, but agreed to stay on after his designated successor declined the post.
The appointment of Farmer is sure to cause some controversy: Farmer, whose fund rose 47% last year, said during the 2010 election, "you can call me a City fat cat if you want, but I'm not giving away my hard-earned money for fun. I'm giving it away because I want to fund something I genuinely believe: that Cameron and the Tories will be a far better government for the country than Labour."
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...