Friday, 19 September 2014
Last updated 1 hour ago
Jul 10 2014 | 6:08am ET
Another Citigroup executive has left the bank for a hedge fund.
Scott Balkan, Citi’s head of distressed debt, is set to join Silver Point Capital as a trader. Balkan is at least the fourth executive to join a hedge fund from the bank this year: Balkan’s exit follows those of Michael Pringle for Moore Capital Management, Simon Yates for Two Sigma Investments and Jeff Feig for Fortress Investment Group.
Pringle was global head of equities trading at Citi, Yates head of equity derivatives and Feig global head of foreign exchange.
Balkan spent two years leading distressed debt at Citi, having previously handled investment-grade bond trading.
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.