Saturday, 20 September 2014
Last updated 15 hours ago
Jun 4 2012 | 2:55pm ET
The world's largest publicly-listed hedge fund is set to lose its place among Britain's 100 largest companies.
The Man Group will likely be turfed out of the FTSE 100 this week. The firm's market capitalization is already far below the London Stock Exchange's top 100—on Friday, it ranked 164th. The firm's market cap has fallen by half since March, when FTSE Group last reviewed its index components.
Man will be replaced by defense services company Babcock International. Its ouster is expected to be the only change.
Man will join the FTSE Midcap 250 Index after FTSE announces the changes on Wednesday. It's relegation will become effective on June 18.
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.