Tuesday, 23 September 2014
Last updated 3 hours ago
Mar 10 2008 | 1:01pm ET
Hedge fund shop BlueMountain Capital Management has hired Scott Lessing as head of corporate research and Derek Smith as a senior portfolio manager. Lessing will take responsibility for company-specific and strategic market research across the firm, while Smith will focus on fundamental trading strategies.
Lessing served most recently as chief operating officer for Citi Global Wealth Management Investments, the alternative investments, investment advisory products, mutual funds, annuities and insurance unit of Citigroup’s wealth management division. Smith joins from Deutsche Bank, where he was a managing director of global credit trading. In that role, Smith managed the investment grade and high-yield credit cash and derivatives desks across the U.S. and Europe.
BlueMountain has more than $5 billion in assets under management in its hedge funds. The firm recently sold a minority equity interest to publicly traded Affiliated Managers Group.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.