Saturday, 20 September 2014
Last updated 1 day ago
Mar 18 2014 | 12:49pm ET
UBS has merged two of its hedge-fund services businesses, uniting capital introduction and business consulting under one umbrella.
The new capital and consulting services unit is part of the Swiss bank’s prime brokerage business. It will be led by London-based Mike Sales, who had been both global head of UBS’s business consulting services and regional head of capital introduction. He will report to global head of prime brokerage Reinhardt Olsen and co-head of global financing services in Europe, the Middle East and Africa Richard Heyes.
“The combination will enable us to offer a more strategic agenda for our hedge fund clients,” Olsen said in an internal memo.
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.