Tuesday, 23 September 2014
Last updated 10 hours ago
Jun 28 2013 | 9:32am ET
To SAC Capital Advisors' recent travails, add the fact that the hedge fund has apparently gone to the birds.
While reports differ on how widespread the infestation was—and on its impact on SAC—it is clear that some avian invaders found their way inside of SAC's Stamford, Conn., headquarters. The Web site Guest of a Guest reports that in excess of 15 birds breached security on Wednesday, causing SAC to close its trading floor to allow the birds to be captured and released.
But a source told Dealbreaker that the infestation was not nearly so bad, that it was confined to a single walled office and did not lead to the closure of the trading floor.
SAC is under investigation for insider-trading, a probe that has led to billions of dollars in redemptions from the legendary hedge fund.
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.