Saturday, 20 September 2014
Last updated 12 hours ago
Dec 11 2006 | 9:58am ET
Germany, whose vice chancellor famously tarred hedge funds as locusts, may be closer to winning some sort of international pest control.
The U.S. Treasury secretary, Hank Paulson, and British chancellor, Gordon Brown, are supporting German Finance Minister Peer Steinbrück’s plan to seek tighter controls on hedge funds next year, when Germany holds the presidency of the Group of Eight industrial nations, the Handelsblatt newspaper reports. His deputy, Thomas Mirow, will be in Washington this week to hammer out details with Paulson.
“With the consent of the two most important finance countries, the probability rises that we will reach concrete decisions,” one person close to Steinbrück told Handelsblatt.
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.