Sunday, 21 September 2014
Last updated 1 day ago
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.
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.