Sunday, 21 September 2014
Last updated 2 days ago
May 13 2013 | 10:24am ET
Millenium Management chief Israel A. Englander's Managed Accounts & Prime Services division has opened an office in Palm Beach County, Florida.
Brett Langbert, who recently joined MA&PS from HedgeCo Networks as managing director and head of sales, will be in charge of the new office, dividing his time between it and MA&PS’ New York office. MA&PS also has an office in Santa Monica, California.
Palm Beach County, with its business-friendly climate (and lack of a state income tax) is becoming something of a haven for hedge funds.
“Palm Beach County is an ideal location for MA&PS to expand its operations because it’s a region that is in need of the services that we offer to the alternative asset community,” said I.A. Englander President Stephen Tobias. “We anticipate that more hedge funds and investors will relocate to this area which presents a terrific opportunity for MA&PS to significantly grow its client base in this dynamic business environment.”
MA&PS provides multi-prime brokerage services for the small and mid-cap hedge fund community and investors.
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.