Monday, 22 September 2014
Last updated 44 min ago
Sep 7 2012 | 10:54am ET
The Man Group has hired a former top Pacific Investment Management Co. executive to launch a line of bond funds at its GLG Partners unit, as it bids farewell to another bond fund manager.
Sudi Mariappa spent a decade at PIMCO, leaving in 2010—the same year Man bought GLG. He was global head of portfolio management at the world's largest bond fund.
"We look forward to building our business in an asset class which has many attractions for investors in today's volatile market environment," Emmanuel Roman, a GLG co-founder and Man's chief operating officer, said.
Passing Mariappa on the way out of GLG is Driss Ben-Brahim, the former Goldman Sachs partner who joined GLG four years ago, in part to fill the void left by Greg Coffey. Ben-Brahim, who co-manages GLG's Atlas Macro sovereign-bond fund, will take early retirement and will leave the industry, Man said.
Ben-Brahim is one of the highest-paid hedge fund managers in London.
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.