Sunday, 21 September 2014
Last updated 2 days ago
Nov 19 2007 | 1:05pm ET
Michael Mendelsohn, the co-founder of collapsed hedge fund Portus Alternative Asset Management, shocked a Toronto court today by pleading guilty to fraud charges.
Mendelsohn, who had previously avowed his innocence, entered the surprise plea at what was supposed to be a preliminary hearing this afternoon. He and co-founder Boaz Manor, who returned to Canada last week after more than two years on the run in Israel, were charged in September with defrauding investors and obstruction of justice.
Last week, Manor pleaded not guilty to the charges.
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.