Monday, 22 September 2014
Last updated 2 hours ago
Jul 26 2006 | 4:15pm ET
Hedge fund Magnetar Capital has added former Cooper Neff Group CEO Andrew Sterge to head up its reinsurance business, continuing hedge funds' march into that industry. The $3 billion Evanston, Ill.-based Magnetar founded a reinsurer in Bermuda, Pulsar Re, earlier this year.
"Andy is a pioneer in quantitative investment strategies," Magnetar co-founder Alec Litowitz said. "I am confident Andy can build an advantaged reinsurance platform that will serve as an important part of a diversified mix for our investors. Sterge, who will work out of Magnetar's Philadelphia-area office, is also the founder of AJ Sterge Investment Strategies, and he'll be joined at Magnetar by a team from that firm.
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.