Wednesday, 24 September 2014
Last updated 14 hours ago
Oct 30 2013 | 11:50am ET
Marshall Wace Asset Management is getting into the peer-to-peer lending business.
The hedge fund has bought a controlling stake in Exchange Associates, which is planning to launch a closed-end fund offering investors exposure to P2P programs, it said yesterday. Terms of the deal were not disclosed.
Exchange Associates hopes to list the fund on the London Stock Exchange "in coming months," it said in the joint statement.
Marshall Wace bought the stake from investment bank Liberum Capital.
P2P lending "has the potential to transform consumer and small-to-medium enterprise lending practices worldwide," Marshall Wace's Michael Sargent 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.