Monday, 22 September 2014
Last updated 32 min ago
Jul 25 2012 | 10:00am ET
Four months after hiring a new CEO for the Middle East and North Africa, PineBridge Investments has settled upon his hometown as its new regional headquarters.
The New York-based firm said yesterday that it had won a license from the Central Bank of Bahrain and would set up shop in the tiny Persian Gulf island country. While PineBridge already has offices in Istanbul, Turkey, and Dubai, the selection of Bahrain isn't terribly surprising: Regional CEO Talal Al Zain formerly headed the country's sovereign wealth fund, Bahrain Mumtalakat Holding.
The new PineBirdge Investment Middle East will give PineBridge access to "underpenetrated markets across all asset classes," the firm said.
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.