Saturday, 20 September 2014
Last updated 15 hours ago
Feb 9 2012 | 3:52am ET
Steven Cohen was seen dining Tuesday with one of the Republican Party's rising stars, stoking questions as to whether he's playing kingmaker or attempting to cozy up with a close supporter of the likely G.O.P. presidential nominee.
Cohen broke bread with New Jersey Gov. Chris Christie at Manhattan steakhouse Quality Meats, Fox Business Network reports. The two discussed politics, including the 2012 presidential contest, over steak and a wine that runs at $355 per bottle.
Cohen and other SAC Capital Advisors employees, like many in the hedge fund industry, have switched sides after heavily backing President Barack Obama four years ago. Christie, who some hedge fund managers sought to draft into this year's presidential contest, is backing former Massachusetts Gov. Mitt Romney, widely seen at the frontrunner to challenge Obama in spite of losing three primaries and caucuses to right-wing candidate Rick Santorum, a former Pennsylvania senator.
Christie made his way into New York after grudgingly serving as host to the Super Bowl champion New York Giants at their stadium in East Rutherford, N.J., following the team's ticker-tape parade down Broadway. Christie is a Dallas Cowboys fan with a soft spot for the New York Jets.
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.