Thursday, 18 September 2014
Last updated 12 hours ago
Jan 15 2013 | 11:50am ET
The recent capture on video of the elusive giant squid—the tape is set to make its debut later this month on the Discovery Channel—was made possible by Bridgewater Associates founder Ray Dalio.
The billionaire financed the expedition, which took place in June and July. The trip succeeded in videoing the iridescent squid six times; previously, the animal, which resides about 2,000 feet under and is as long as a school bus, had only been seen alive on still photographs.
Dalio owns the yacht and $2 million submarine used in the expedition, CNBC reports. He bought the yacht, the Alucia, two years ago and kitted it out with all manner of scientific equipment.
Dalio was not on the Alucia for the voyage, but is said to be "thrilled" with the results.
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.