Monday, 22 September 2014
Last updated 21 min ago
Oct 21 2008 | 10:36am ET
Raoul Felder is not chopped liver, the famed New York divorce lawyer wants AllianceBernstein to know.
Felder has filed a $5 million lawsuit against the money manager, accusing it of misleading him into investing $750,000 in a hedge fund that subsequently lost him $200,000. According to the Duke of Divorce, he wanted a more conservative investment, but that AllianceBernstein pushed him toward the riskier hedge fund that earned it higher fees and commissions.
The firm put its “greed and self-interest” ahead of Felder’s “very simple” instructions, he said.
“It’s like the owner of a restaurant who tell his waiters to push the chopped liver,” Felder told the New York Daily News.
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.