Wednesday, 1 April 2015
Last updated 1 hour ago
Apr 1 2015 | 9:12am ET
Activist hedge fund manager Bill Ackman may be laser focused on destroying nutritional supplement provider Herbalife, but he has a new target in his sights.
The New York investor and philanthropist has taken a majority stake in investment firm Pershing Square Capital Management, where he is aiming to oust the current CEO, who he believes is harming the company’s value through “hotheaded and wildly provocative negative media campaigns.”
Apr 1 2015 | 10:39am ET
Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns.
Apr 1 2015 | 10:36am ET
Bill Gross, the closely watched bond investor, on Wednesday said the portfolios he manages at Janus Capital Group Inc closely resemble the investment strategies of Bridgewater Associates, the world's largest hedge fund firm.
Apr 1 2015 | 10:33am ET
Asia-focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes.
Apr 1 2015 | 9:33am ET
Ex-Millennium trader Chris Dale has raised at least $200 million for a new European-focused hedge fund.
Apr 1 2015 | 9:14am ET
London-based Neptune is launching a new vehicle to allow investors with currency concerns access to manager Chris Taylor’s Japan equity strategy.
Apr 1 2015 | 8:46am ET
Former executives from hedge funds Blackrock and Element Capital Management are setting up a new fund that will utilize complex data aggregation tools.More News
Mar 26 2015 | 11:11am ET
Funds that mimic strategies used by active managers for a fraction of the cost could be forced to carry a health warning by regulators who are concerned they may pose greater risks than are being disclosed.
Mar 31 2015 | 6:48am ET
Investors are languishing in a yield-starved, low-interest rate environment, looking for ways to capture yield without taking on increased risk. Andrew Plevin and Philip Siller, Co-CEOs of BroadRiver Asset Management, explain why more and more invetsors are looking at 'longevity risk' as a strategy.
Mar 25 2015 | 6:51pm ET
Trouble at home leads to trouble in the market for fund managers, according to researchers at the University of Florida and Singapore Management University. When a hedge fund manager gets divorced, he or she underperforms by 7.4%.
Mar 27 2015 | 6:02am ET
Money managers and investors are flocking to online matchmaking sites in an effort to streamline the investment process. But while firms that focus on crowdfunding and P2P lending have successfully proven that anonymous online transactions can work, the same does not hold true in the big money world of hedge funds. The founders of Hedge Connection understand this, and have created a hybrid platform that combines virtual introductions with real life meetings.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…