Tuesday, 23 September 2014
Last updated 39 min ago
Sep 20 2007 | 6:17am ET
Hedge fund assets in Singapore are soaring, and investment banks are rushing to offer their services to them in the city-state. The latest to set up shop there is Deutsche Bank, opening a pair of desks to serve Singapore’s now US$26 billion hedge fund industry.
The bank debuted global prime finance and hedge fund capital introduction desks, which will compete with the likes of Citigroup, Morgan Stanley and Merrill Lynch, who are already in place in Singapore.
“The increasingly diverse and complex needs of our growing Singapore client base demand the services of a local, specialist client services team,” Denis MacCarthy, co-head of Asian equity sales, said.
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.