Wednesday, 17 September 2014
Last updated 13 hours ago
Oct 7 2013 | 9:45am ET
Citadel Investment Group will not buy the market-making business of E*Trade Financial, the retail brokerage twice bailed out by the hedge fund.
Chicago-based Citadel, which already has its own market-making unit, had been among those tipped to buy G1 Execution Services since E*Trade said in July it would exit the business. G1X is currently under Financial Industry Regulatory Authority investigation over its order-routing practices.
Citadel first invested in E*Trade in 2007 and was among the troubled company's largest shareholders until March, when it exited the investment. Citadel founder Kenneth Griffin, who joined the E*Trade board in 2009, left it in May.
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…
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