Wednesday, 17 September 2014
Last updated 22 min ago
Jan 9 2013 | 12:49pm ET
A former Citigroup hedge fund executive is President Barack Obama's choice to serve as U.S. Treasury Secretary during his second term.
Obama plans to nominate White House Chief of Staff Jacob Lew to take over from Timothy Geithner, tomorrow. Geithner has repeatedly made clear that he wishes to step down, and reiterated it in the wake of the fiscal cliff talks that he helped lead.
Lew, who must be confirmed by the U.S. Senate, has served in the Obama administration from the beginning. Prior to taking over as chief of staff last January, he was director of the Office of Management and Budget and deputy secretary for management and resources at the State Department. Obama's administration is the second Lew, 57, has served in; he was previously head of OMB under President Bill Clinton.
In between those administrations, Lew served as chief operating officer of Citi Alternative Investments, from 2006 through 2009.
When Obama named Lew his chief of staff, he said, "his economic advice was invaluable."
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…
There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.