Tuesday, 23 September 2014
Last updated 12 hours ago
May 18 2012 | 4:05am ET
The former head of the U.K. government's bank bailout fund has joined hedge fund Strategic Value Partners.
David Cooksey was named to the advisory board at the Greenwich, Conn.-based firm, founded in 2001 by Merrill Lynch veteran Victor Khosla, the Financial Times reports. SVP focuses on distressed debt strategies.
Cooksey was chairman of U.K. Financial Investments, which oversees the British government's stakes in bailed-out banks, from 2009 until his retirement in January.
SVP has some US$4 billion in assets under management.
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.