Sunday, 21 September 2014
Last updated 1 day ago
Jul 26 2007 | 11:39am ET
Man Group fund of funds affiliate RMF Investment Management said today that CEO Fred Siegrist has decided to retire, and will step down Sept. 30. Siegrist will be succeeded by Herbert Item, who will also continue as chief investment officer, a position he has held since 2005.
“Man Investments’ Management Committee thanks Fred for his outstanding contribution to the success of the company,” the firm said in a statement. “Under Fred Siegrist’s leadership assets under management at RMF grew from US$14 billion to about US$25 billion. Fred has established RMF’s reputation as a leading innovator in the industry and has laid the foundation for future growth through his strong succession planning.”
In addition, Serge Cadelli has been promoted to the dual role of chief operating officer and chief risk officer. Serge has been COO for almost two years and, beginning Oct. 1, assumes the responsibilities of Pierre-Yves Moix, who will move to Man Investments as chief risk officer.
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.