Saturday, 30 August 2014
Last updated 21 hours ago
Nov 11 2008 | 4:40am ET
Citadel Investment Group is closing one of its two reinsurers, after it proved less profitable than the Chicago hedge fund giant had hoped.
Citadel founded CIG Reinsurance in 2004. The firm is pulling the plug because the Bermuda-based property-catastropher reinsurer has had difficulty competing with rivals due to its lack of a financial strength rating, and because its cost of capital is too high, Reuters reports.
Another Citadel reinsurance venture, New Castle Reinsurance, founded a year after CIG Re, will remain open.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...