Sunday, 21 September 2014
Last updated 2 days ago
Aug 16 2012 | 4:01am ET
The U.S. Treasury Dept. has named a pair of alternative investment executives to the board of Ally Financial.
Gerald Greenwald and Henry Miller took two of the six seats the government holds on the auto lender’s board. The former heads private equity firm Greenbriar Equity Group and the latter is chairman of Marblegate Asset Management.
The Treasury owns 74% of Ally, the former GMAC Financial, after bailing out the troubled lender.
At Greenbriar, Greenwald focuses on transportation investments. A former CEO of United Airlines, Greenwald is no stranger to the auto industry, having gotten his start at Ford Motor Co. and later working at Chrysler.
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.