Tuesday, 23 September 2014
Last updated 13 hours ago
Jul 11 2012 | 12:29pm ET
Hedge fund SCO Capital Partners can't have the nearly $180 million it sought from Jefferies & Co. in a dispute over auction-rate securities.
SCO had accused Jefferies of negligence in selling it securities it deemed unsuitable. The hedge fund had asked a Financial Industry Regulatory Authority panel to force the bank to buy back the $18 million in ARS in question—and to force it to pay some $160 million in damages.
The FINRA arbitration panel did not explain its decision.
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.