Sunday, 21 September 2014
Last updated 2 days ago
Jul 11 2008 | 11:28am ET
Global administrator Fulcrum Group has appointed Jill Considine, former chairman of the Depository Trust & Clearing Corporation in New York, as chairman.
As head of DTCC from 1999 to 2006, Considine was responsible for building it into the world's largest post-trade infrastructure for clearing, settlement and custody for most U.S. securities transactions. She expanded DTCC's business activities into the OTC derivatives market, led the launch of Omgeo (a joint venture with Thomson Financial) and positioned the company to be a global service provider.
“Fulcrum is at a turning point in its evolution and is poised for further expansion in existing and new markets,” said Akshaya Bhargava, CEO of Fulcrum. “Jill’s leadership and extensive experience as the head of the DTCC during a pivotal time in the securities industry will serve to provide invaluable stewardship as Fulcrum focuses on its strategic initiative of building the gold standard administrative platform for the hedge fund industry.”
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.