Tuesday, 23 September 2014
Last updated 9 hours ago
Aug 15 2013 | 12:35pm ET
The Securities and Exchange Commission has sued a Twitter-loving hedge fund manager for allegedly ripping investors off of more than $1 million.
Anthony Davian misappropriated more than two-thirds of the $1.5 million he raised for his Akron, Ohio-based Davian Capital Advisors, the SEC said. Davian, better known to Twitter followers as @hedgieguy, allegedly used the money to finance a lavish lifestyle.
The SEC's lawsuit, filed yesterday, comes after a June raid by the U.S. Secret Service and U.S. Postal Service. Davian may have attempted suicide thereafter; he was hospitalized with carbon monoxide poisoning after his wife found him passed out in his car.
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.