Thursday, 24 July 2014
Last updated 27 min ago
Jul 24 2014 | 6:12am ET
Adage Capital Management, the Boston hedge fund started by two former money managers at Harvard University’s endowment, made almost $1 billion yesterday as a biotech company the firm backed surged following a successful medical trial.
Puma Biotechnology Inc. shares almost quadrupled after the company said its experimental drug blocked the return of breast cancer in women with a type of early-stage disease. Adage owned 5.69 million common shares of Puma. as of March 31.
Jul 24 2014 | 5:55am ET
The number of private funds converting to mutual funds has increased significantly in recent years. Unfortunately, there is a lot of confusion among managers about whether their private fund track record can be portable, what steps they must take to make it happen or even how they can use the track record if it is portable. Industry expert Dave Carson explains.
Jul 24 2014 | 5:30am ET
Attain Capital Management has launched a new wealth advisor focused which provides single platform access to several top ranked commodities based alternative investment managers.
Jul 23 2014 | 1:07pm ET
JPMorgan Chase is in advanced talks to sell half of its interest in funds run by its private-equity arm in advance of a spin-off of that unit.
Lexington Partners and AlpInvest Partners are the probably buyers. The two would split about half of JPMorgan’s $4.5 billion investment in One Equity Partners’ funds.
Jul 23 2014 | 1:04pm ET
A federal judge yesterday gave Argentina a week to work out a deal with hedge-fund holdouts from its 2001 default—or face defaulting again.
Jul 23 2014 | 1:03pm ET
The basket options Renaissance Technologies used to save billions in taxes aren’t just a dodge but an “extremely important” part of its trading strategy, the hedge fund’s co-chief insisted yesterday.
Jul 23 2014 | 11:03am ET
“The company is pulling out all the stops today,” William Ackman said yesterday. “When there is really bad news like this, they will use all of the remaining fire power to buy back the stock to blunt the accusations.”More News
Jul 23 2014 | 6:44am ET
While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.
Jul 16 2014 | 11:02am ET
Over the past few years, risk parity has become a component of most investors’ lexicons and, possibly, portfolios. Risk parity products have also become more common in many asset management firms’ offerings. However, according to Evanston Capital's Peter Hecht, with all of the attention on risk parity there is still a significant amount of confusion surrounding it.
Jul 15 2014 | 10:48am ET
Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at the event’s final table.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…