Sunday, 21 September 2014
Last updated 1 day ago
Apr 20 2009 | 9:36am ET
An adviser to some of the world’s largest hedge funds is heading back to the Federal Reserve to manage its growing balance sheet.
Brian Sack has been named head of the Federal Reserve Bank of New York’s markets group, where he will oversee both the Fed’s portfolio and all open-market operations. Sack joins from Macroeconomic Advisers, where he specialized in Fed analysis. Macroeconomic Advisers boasts 50 of the world’s largest money managers and hedge funds as clients.
Sack “brings to the Bank a unique understanding of the interplay of economics and finance and has a combination of real world experience and public service that will be invaluable to the New York Fed,” his predecessor, William Dudley, said. Dudley has been named president and CEO of the New York Fed.
Sack, who begins his new job in June, is no stranger to the Fed: In addition to his years analyzing it as an economist with Macroeconomic Advisers, he headed the Federal Reserve Board of Governors’ monetary and financial markets analysis section.
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.