Tuesday, 23 September 2014
Last updated 10 hours ago
Jun 13 2013 | 9:49am ET
Mitt Romney's plans to return to the national conversation have dovetailed quite nicely with his return to the private equity industry.
Last year's failed presidential nominee hosted his "Experts and Enthusiasts 2013" conference at a Park City, Utah, resort last week, bringing together a number of would-be 2016 Republican presidential candidates. Across the way at the same hotel, he was meeting with investors and potential investors in Solamere Capital, the p.e. firm co-founded by his son and former fundraising chief, where he has, according to the Washington Post, increasingly taken a leading role.
Entering the Stein Eriksen Lodge, guests were directed by ushers to the left for the "Solamere Capital Founders Fund Update" and to the right for the E2 summit. Attendees of the latter founder their swag bags filled with Solamere-branded items.
While the Romney camp denied that the synergy was intentional—claiming that E2 had been scheduled for the following weekend but had to be moved forward—some of his guests and supporters weren't buying it.
"They tied it into Solamere; they're raising another fund," SkyBridge Capital founder Anthony Scaramucci told the Post. "There was a micro business thing—Solamere; a macro business thing—managerial leadership."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.