Sunday, 21 September 2014
Last updated 1 day ago
Jun 21 2013 | 11:25am ET
The private-equity industry is looking positively martial these days.
Less than a month after Kohlberg Kravis Roberts brought former Central Intelligence Agency director and retired General David Petraeus on board as an adviser, the Blackstone Group has done the same with retired general and former presidential candidate Wesley Clark.
Clark will advise Blackstone on energy deals and has joined the board of one of its portfolio companies, Fisterra Energy.
"Helping countries overcome their energy challenges and develop energy security is critical to economic growth and sustainable development," Clark said.
Clark served as supreme allied commander of NATO before retiring from the Army. He unsuccessfully sought the Democratic nomination for president in 2004, and now runs his own consulting firm.
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.