Saturday, 20 September 2014
Last updated 16 hours ago
Nov 19 2007 | 7:05am ET
After less than a year as head of credit and equity derivatives, Mark Richardson is out at Dresdner Kleinwort, another casualty of the credit market crisis.
Richardson joined Dresdner at the beginning of the year from London-based hedge fund WMG, where he served as a partner beginning in 2004. His departure comes as Dresdner parent Allianz Group took a €575 million (US$843.4 million) write-down on credit market losses.
Joining him at the exit is Neil Walker, the former co-head of structured credit trading at Merrill Lynch who joined Dresdner just six months ago.
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.