Thursday, 18 September 2014
Last updated 4 hours ago
Jan 10 2013 | 2:05pm ET
A Tudor Investment Corp. power and gas trader will launch his own hedge fund, apparently with the blessing of Tudor chief Paul Tudor Jones.
Andrew McMillan will launch a fund in Singapore, where he has been based for Tudor, along with five other Tudor veterans, Reuters reports. McMillan's exit from the US$11.6 billion firm after a decade is said to be amicable; Tudor partners are expected to invest in McMillan's new firm.
Despite McMillan's exit, Tudor is not scaling back in Singapore. It has recently added Ai Ning Wee, formerly of the Government of Singapore Investment Corp., in the city-state.
McMillan worked at Morgan Stanley before joining Tudor.
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.