Tuesday, 23 September 2014
Last updated 1 hour ago
Apr 7 2014 | 11:49am ET
Geoff Ruddick has been promoted to head of funds at the Caymans-based fiduciary services provider International Management Services.
Ruddick who also joins the IMS board of directors, joined the firm's senior management team in 2006 from Hedgeworks Fund Services (now Deutsche Bank Cayman). Prior to that he was a director and compliance officer with Derivatives Portfolio Management (now DPM Mellon). Before entering the commercial side of fund management, Ruddick worked with KPMG in Vancouver and later with KPMG in the Cayman Islands, where he worked in the corporate recovery department involving the liquidation of hedge funds and other regulated entities.
IMS managing director and legal counsel Gary Butler said in a statement: “Geoff has gained a thorough and intimate knowledge and understanding of the organization, its capabilities and unique competitive advantages and he is perfectly positioned and uniquely placed to lead and grow the IMS Fund Services business.”
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.