Wednesday, 27 August 2014
Last updated 1 hour ago
Jul 9 2013 | 11:07am ET
Several high-profile hedge funds are apparently unimpressed by star analyst Meredith Whitney.
Elliott Management, Paulson & Co. and Balyasny Asset Management have all dropped Whitney's eponymous research firm, as have more than half of her clients since she launched her own company four years ago. New York-based Meredith Whitney Advisory Group started with more than 30 research clients; by January, it was down to just 14, The Wall Street Journal reports.
Whitney, who made her name as an Oppenheimer & Co. analyst when she predicted trouble for Citigroup in 2007, has cut back on Meredith Whitney Advisory Group's staff, in spite of early talk of expansion. The firm, which once employed five full-time investment professionals in addition to Whitney, now has just one.
A few months ago, Whitney was in the market to launch a hedge fund, interviewing potential executives. The fate of that project is unclear.
Whitney's firm still boasts some big names on ts client roster, including BlackRock and Guggenheim Partners. MWAG charges some of the highest fees in the research business, $100,000 per year.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...