Tuesday, 23 September 2014
Last updated 14 hours ago
Jul 19 2007 | 9:54am ET
KBW Asset Management has appointed John Wimsatt as managing director and portfolio manager for the long/short vehicles KBW Financial Services Fund and KBW Small Cap Financial Services Fund. Wimsatt succeeds Michael O'Brien, who is retiring from KBW after 22 years, the last eight at KBWAM.
Wimsatt was most recently a portfolio manager and analyst focusing on financial stocks at Levin Capital Strategies, an alternative asset management firm with approximately $2.5 billion in assets under management.
“Financial services is the single largest sector of the market,” said Wimsatt. “KBW has a well earned reputation for understanding the sector better than any other firm on Wall Street and it is a thrill to be part of this organization.”
KBW is a wholly-owned subsidiary of boutique investment bank Keefe Bruyette & Woods.
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.