Thursday, 18 September 2014
Last updated 8 hours ago
Mar 14 2014 | 10:52am ET
Och-Ziff Capital Management will restate its financials for the past two years after changing the way it accounts for collateralized loan obligations.
The hedge fund giant said that it was consolidating its CLOs, a move that would cause material changes to its financial reports from the third quarter of 2012 through the third quarter of 2013. It warned that previous statements should no longer be relied upon, and promised to issue restatements early next week.
New York-based Och-Ziff said that its income and earnings would not be affected, but that its assets and liabilities would increase.
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.