Tuesday, 23 September 2014
Last updated 13 hours ago
Jun 26 2008 | 12:56pm ET
UBS is boosting its U.S. prime brokerage business with a new pair of co-heads to lead its equities finance division.
The Swiss bank has hired Matt Roux from Deutsche Bank, and promoted Mike Kelleher, to lead the group. Roux was a director in swaps and securities lending at Deutsche Bank and has worked at Citadel Investment Group’s finance team. Kelleher most recently served on Deutsche Bank’s hedge fund coverage team.
UBS’ prime brokerage revenues rose in the first quarter on increased securities lending and client financing, it said.
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.