Friday, 19 September 2014
Last updated 1 hour ago
Apr 15 2013 | 10:17am ET
Bank of America has landed UBS' capital introductions chief to lead its own hedge-fund fundraising effort.
Robert Sachs was named global head of capital introductions and strategy at BofA's prime brokerage, Bloomberg News reports. He will begin at the bank in the coming months, Stu Hendel, global head of financing products, wrote in an internal memo.
Sachs has served as global head of capital introductions at UBS for the past four years. He formerly worked at Constellar Capital Management, Olympia Capital Management and Credit Suisse.
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.