Monday, 22 September 2014
Last updated 3 min ago
Jul 23 2007 | 1:52pm ET
BNP Paribas has launched its new Global Synthetic Prime sales and trading group within its equities and derivatives business.
The group's mandate is to market global synthetic equity finance products including equity swaps, portfolio swaps, contracts for difference, structured financing transactions and stock loan and equity execution services to hedge funds. It will also be deeply involved in selling the prime brokerage international platform.
Rich Sansaricq heads the group, based in New York and reporting to Todd Steinberg, head of equities and derivatives in the Americas, and to Eric Deudon, global head of equity finance and prime services.
“We have tremendous capabilities in the synthetic business including our AA+ credit rating, substantial balance sheet, excellent systems/operations, strong derivatives and equity cash execution, and deep hedge fund relationships,” said Steinberg.
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.