Tuesday, 23 September 2014
Last updated 14 hours ago
Mar 31 2008 | 1:00am ET
One prominent activist hedge fund manager is threatening to transform Japan’s reluctance to allow it a larger stake in the country’s largest electric utility into an international incident.
Christopher Hohn of The Children’s Investment Fund has written to the European Union’s trade commissioner asking him to punish Japan for the “violation of free trade and investment between Europe and Japan.”
Hohn told Peter Mandelson, the one-time British cabinet minister and confident of former Prime Minister Tony Blair, that Europe must impose sanctions on Japan in the interests of free trade should Japan’s government reject its bid to double its stake in Electric Power Development Co., known as J-Power, to 20%. Japan’s Ministry of Economy, Trade and Industry last month postponed a decision on TCI’s request until May.
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.