Tuesday, 23 September 2014
Last updated 5 hours ago
Mar 6 2013 | 9:45am ET
The White House has asked Commodity Futures Trading Commission Chairman Gary Gensler to stick around for President Barack Obama's second term.
Gensler, who was approached in January, is mulling the offer of a second five-year term. Either way, he has assured the White House that he will remain in his post through at least December. There is no deadline for Gensler to accept or decline the offer.
Gensler is also considering other options, including within the administration. He has talked about moving to the Treasury or Commerce departments with the White House, and expressed an interest in running the Securities and Exchange Commission. Obama nominated former prosecutor Mary Jo White to that post.
Gensler told The New York Times in 2010 that, whatever he does, he will not be returning to Wall Street; he formerly worked at Goldman Sachs. He has led the CFTC since 2009.
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.