Thursday, 18 September 2014
Last updated 59 min ago
Aug 19 2013 | 1:09pm ET
A pair of Brevan Howard Asset Management traders have left the firm in the wake of losses in its flagship hedge fund.
Wayne Leslie and Jason Feasey were credit traders at Brevan Howard, and bring to at least a dozen the number of traders who have left the firm since the end of May, Bloomberg News reports. In June, Brevan Howard's Master Fund lost 2.9%, its worst month in almost five years, and fell another 0.9% last month.
Leslie's exit comes less than a year after he joined the hedge fund from Goldman Sachs, where he was a managing director in European investment-grade credit trading. Feasey, a structured-credit specialist, had been with Brevan Howard since 2011, when he joined from Bank of America.
Other recent exits include Richard Armes, Luke Ding, Dan Mirabella and Milena Todorova.
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.