Tuesday, 23 September 2014
Last updated 6 hours ago
Feb 17 2012 | 3:23am ET
Baupost Group has put partner George Rizk in charge of its private equity and real estate business.
Rizk was named co-head of the Boston alternative investments firm's private investment group. He'll work alongside Tom Blumenthal when he succeeds Sam Plimpton in June. Plimpton has overseen Baupost's real-estate investments for almost 20 years.
Rizk has already begun to manage Baupost's U.S. real-estate portfolio. He'll remain focused on that area even after Plimpton's exit, with Blumenthal holding primary responsibility for international real estate, private opportunities and the group's overall operations, Baupost said in a letter to investors.
Rizk has been with Baupost for less than a year, having joined in March from D.E. Shaw Group. At D.E. Shaw, he was co-head of D.E. Shaw Real Estate Advisors.
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.