Thursday, 18 September 2014
Last updated 11 hours ago
Dec 8 2005 | 5:06pm ET
Werner Seifert, former chief executive of Deutsche Börse, is reportedly close to finishing his book, “Invasion of the Locusts: Intrigues, Power Battles and Market Manipulation.”
According to European newspaper reports, insiders in the Deutsche Börse believe that the book may violate the terms of Seifert’s €10 million ($11.8 million) pay-off.
Seifert was toppled as head of the German exchange in May, just six months after launching a takeover bid for the London Stock Exchange, which met with major opposition from shareholders.
According to sources familiar with the book project, the tome details the battle to oust Seifert and his confrontational relationship with London-based hedge fund TCI, a leader in the shareholder rebellion. It also gives a broader critical analysis of the rise of activist investors and the consequences Seifert believes this trend will have for both German companies and firms world-wide.
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.