Sunday, 21 September 2014
Last updated 1 day ago
Aug 30 2012 | 11:18am ET
London’s status as a major hedge fund center may be in jeopardy, according to a new poll of British industry players.
Asked where they’d most like base their operations, 462 U.K. investment bankers and hedge fund managers picked Singapore more often than either London or New York. Indeed, 31% told Astbury Marsden that Singapore is the most ideal location, followed by New York at 20% and their own capital, London, at 19%. Indeed, London only narrowly beats out Hong Kong and Dubai, named by 16% and 15% of respondents, respectively.
The recruitment firm pointed to the higher pay and favorable tax and regulatory structures of the city-state.
“In recent years, Singapore has become increasingly competitive in terms of enhancing infrastructure, international trade links, pro-business regulations and massive capital market,” Rivkin Operations’ Satish Bakhda 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.