Tuesday, 23 September 2014
Last updated 12 hours ago
Jun 3 2014 | 2:31am ET
UBS has turned to a former hedge fund manager to lead its wealth management business.
Mark Haefele was named global chief investment officer of wealth management and private banking yesterday. He succeeds his current boss, Alexander Friedman.
Haefele will be charged with identifying investment vehicles and overseeing asset management.
Haefele joined UBS three years ago alongside Friedman, whom he has known since college. Prior to his start at the Swiss bank, Haefele co-founded quantitative sports-betting hedge fund Sonic Funds and was a managing director at Matrix Capital Management.
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.