Sunday, 21 September 2014
Last updated 2 days ago
Apr 22 2013 | 2:15pm ET
A top UBS credit trader is set to launch a hedge fund this summer.
Yassir Benjelloun-Touimi's Arcarde Capital Partners will offer its maiden fund in early July, Reuters reports. The vehicle is expected to debut with about US$150 million in initial assets.
Arcade will focus on the most liquid credits.
Benjelloun-Touimi was head of European credit flow trading at UBS; his former employer will serve as Arcade's prime broker. A former global head of portfolio management at UBS, Benjelloun-Touimi was head of credit arbitrage at Bank of America Merrill Lynch before joining the Swiss bank in 2009. He also formerly served as head of index trading at BNP Paribas.
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.