Sunday, 26 April 2015
Last updated 2 days ago
Jul 22 2009 | 12:57pm ET
Patriotism may be the last refuge of scoundrels, but is the alternative investments industry becoming the last refuge for discarded banking executives?
Marcel Rohner, last seen in February leaving UBS following an $18 billion loss on his watch, has resurfaced at private equity firm Exigen Capital, Forbes reports. He joins Richard Fuld, who presided over the death of Lehman Brothers, and ex-Wachovia CEO Ken Thompson in the alts. business. Fuld now works at hedge fund Matrix Advisors while Thompson recently joined p.e. shop Aquiline Capital Partners.
He may soon have even more company: Former Merrill Lynch CEO Stanley O’Neal was reportedly in talks about joining alternative investments firm Vision Capital Advisors, while former Morgan Stanley co-president Zoe Cruz reportedly wants to join a hedge fund or found her own.
Rohner will serve on Exigen’s advisory board.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…