Tuesday, 23 September 2014
Last updated 8 hours ago
Mar 26 2013 | 11:55am ET
Millennium Management chief Israel Englander's brokerage business has set up a new technology platform for its rebranded prime brokerage arm.
Israel A. Englander & Co. said it has expanded its prime brokerage business, which is now known as managed accounts and prime services, particularly with a new platform designed for hedge funds managing less than $250 million. I.A. Englander now offers prime brokerage services enhanced by customized investment solutions, including to separately-managed accounts, it said.
"MA&PS is a dynamic innovation that is the first of its kind enabling hedge fund managers and investors to utilize comprehensive and value-added services on a single customizable technology platform that will give them competitive and strategic advantages in today's rapidly changing and increasingly complex environment," Stephen Tobias, president of I.A. Englander, said.
I.A. Englander hired a new prime-brokerage chief, Frederick Scuteri from Thomson Reuters, in December.
Englander remains a passive minority investor in I.A. Englander.
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.