Last Bear Stearns CEO Joins Guggenheim Partners

Jun 2 2009 | 1:10am ET

The final CEO of now-defunct Bear Stearns has a new job with alternative investments firm Guggenheim Partners.

Alan Schwartz will join the New York- and Chicago-based firm as executive chairman later this month, The Wall Street Journal reports. While his primary focus will be on building Guggenheim’s banking and trading businesses, he will also work in increasing the size of its investment-management division, which has $100 billion in assets.

“Fate has dealt me an opportunity to start from scratch,” Schwartz told the Journal.

Schwartz served as CEO of Bear during its final months, succeeding James Cayne just before the firm ran into the liquidity troubles that forced it into bankruptcy.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of