Tuesday, 23 September 2014
Last updated 9 hours ago
Feb 26 2013 | 1:04pm ET
Morgan Stanley's fund of hedge funds chief is to leave the bank for the Carlyle Group.
Jacques Chappuis will leave Morgan Stanley in May to join Carlyle's Solutions group as a managing director. Solutions includes Carlyle's fund of funds business, Portfolio Advisory and Risk Management Services.
"Jacques has an extraordinary track record of innovation in the development and delivery of products and services that meet and anticipate investor needs," Carlyle co-CEO David Rubenstein said. "We are delighted that he will bring his experience and energy to take our solutions business to a new level of success."
Arthur Lev will succeed Chappuis at Morgan Stanley Alternative Investment Partners. Lev, a former partner at FrontPoint Partners. will continue to run Morgan Stanley Investment Management's long-only business.
Chappuis spent seven years at Morgan Stanley, after stints at Citigroup and Boston Consulting Group.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.