Saturday, 20 September 2014
Last updated 1 day ago
May 13 2008 | 11:37am ET
1798 Global Partners, the new hedge fund founded by Swiss private bank Lombard Odier Darier Hentsch, is mining the ranks of Dillon Read Capital Management veterans to fill out its executive suite.
1798, seeded with US$350 million by its parent, is led by CEO Hubert Keller and former Dillon Read global head of equities Aziz Nahas, who is chief investment officer at 1798. Nahas has hired four of his former colleagues at Dillon Read, which saw parent UBS pull the plug a year ago after hundreds of millions in losses.
Oleg Rakov will manage a U.S. financial services hedge fund in his new post, with Lewis Katz also joining 1798 as head trader, Damian Dwan as chief operating officer and Don Kucera as technology chief.
Nahas and his foursome are not the only Dillon Read veterans getting off the mat. Mike Hutchins, the former CIO at Dillon Read, is preparing his own hedge fund shop, which reportedly employs 15 Dillon Read veterans.
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.