Thursday, 18 September 2014
Last updated 1 hour ago
Nov 6 2012 | 1:10pm ET
Roy Niederhoffer, founder and president of New York-based R.G. Niederhoffer Capital Management, organized Hurricane Sandy relief efforts over the weekend, according to a post on his Facebook page.
Niederhoffer's November 4 post, as reported by Bloomberg, said he and an estimated 75 volunteers purchased and delivered food and supplies including water, 1,200 cans of corn, hundreds of hats,1,000 lighters, baby formula, diapers, wipes, glasses, coffee and toiletries to people in areas of New York affected by the storm.
“Friends and random strangers showed up at my place and delivered everything from a rented moving van” to “offers of cars, gas, food, clothing,” Niederhoffer
said. “Who would know that one of the most important items we delivered was
a battery powered LED lantern,” which legal aid lawyers used to help people fill
out FEMA forms in the dark.”
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.