magnetar capital

  • News

    JPMorgan Investigated For ABACUS-Like Deal So Far Lacking Similar Intrigue

    ProPublica reports that JPMorgan is being investigated by the SEC to determine whether or not the bank adequately disclosed to investors that the securities that went into a CDO were selected by hedge fund Magnetar Capital, which was betting against the deal (JPMorgan apparently lost approximately $880 million on the deal and what’s more). Two […]

    / Nov 1, 2010 at 4:53 PM
  • News

    The Secret Story Behind the Infamous Magnetar Trade

    Jesse Eisinger and Jake Bernstein of ProPublica just published an exhaustive narrative on what has become known on Wall Street as the Magnetar trade. We won’t ruin it for you, but basically the giant Chicago hedge fund, started by former Citadel trader Alec Litowitz (left), helped create $40 billion worth of extremely toxic CDOs after […]

    / Apr 9, 2010 at 4:56 PM

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