Friday, 19 September 2014
Last updated 4 hours ago
Feb 7 2012 | 11:52am ET
A former partner at The Children's Investment Fund—sued by the firm last month—has joined a hedge fund set up by another disgruntled ex-TCIer.
Oscar Hattink has joined Thélème Partners, founded two-and-a-half years ago by TCI co-founder Patrick Degorce, the Financial Times reports. Degorce retired from TCI three years ago after several disagreements with TCI chief Christopher Hohn.
Hattink was a portfolio manager at TCI. A partner since 2008, he left the London-based activist shop in August. TCI sued him last month, accusing him of failing to return money he owed the firm as part of a vesting package that was part of his bonus—Hattink earned a bonus of US$5 million in 2010. TCI later dropped that lawsuit, although Hohn said Hattink "still owes us contractual money."
Thélème now boasts seven TCI veterans on its staff.
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.