Friday, 19 September 2014
Last updated 21 min ago
May 23 2013 | 11:11am ET
Citadel Investment Group is among the most successful hedge funds in history, so it's little wonder that other firms are lining up to license its technology.
In September, Citadel put former ConvergEx RealTick CEO Stuart Breslow in charge of its Citadel Technology unit. And Breslow has proven quite a salesman, more than doubling the division's client base, which stood at just a handful prior to his arrival, Hedge Fund Alert reports.
Citadel Technology now boasts a mix of clients, including fund managers and institutional investors, who can access the technology either locally, by installing it, or by using it on the Internet. The systems support all asset classes and multiple prime broker relationships.
Citadel has been licensing its technology since 2009.
Citadel Technology, which operates independently of the firm's hedge fund business, currently employs 30 people.
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.