Saturday, 20 September 2014
Last updated 1 day ago
May 10 2013 | 12:05pm ET
The Securities and Exchange Commission's point-man on hedge fund enforcement is leaving the regulator.
Bruce Karpati will become chief compliance officer for Prudential Financial's mutual fund business, Pru said yesterday. The two sides have been in talks for months and were first linked at the beginning of March.
Karpati has led the asset-management enforcement unit for three years; since the summer, he has led it on his own, following the departure of co-chief Robert Kaplan.
"Bruce has been a pioneer in the use of complex data analysis to detect securities fraud," SEC enforcement co-chief George Canellos, himself rumored to be mulling an exit from the regulator, said.
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.