Saturday, 20 September 2014
Last updated 1 day ago
Jul 26 2013 | 10:35am ET
Omega Advisors is moving on up—to midtown Manhattan.
The hedge fund giant is giving up its home of 18 years in the city's Financial District to take over the 33rd floor of 810 Seventh Avenue, between 52nd and 53rd streets. Omega signed a seven-year lease for the 17,320 square feet.
Omega founder Leon Cooperman told Business Insider that while the firm was "very happy at 88 Pine… the partners of the firm wanted to go uptown." Cooperman added that the "extreme problems" at Wall Street Plaza in the wake of Hurricane Sandy had nothing to do with the firm's decision.
Correction: An earlier version of the article listed the incorrect name of the hedge fund firm that was moving.
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.