Friday, 24 October 2014
Last updated 52 min ago
Oct 23 2014 | 10:14am ET
Ray Dalio's Bridgewater Associates is suing the founders of Convoy Investments, claiming they lied about their roles at Bridgewater to promote their own fund.
In a 19-page complaint filed in Manhattan federal court on Tuesday, Bridgewater said Howard Wang and Wenquan 'Robert' Wu presented themselves as “former key figures responsible for core aspects of Bridgewater's business” when, in fact, “they were nothing of the sort.”
Oct 24 2014 | 10:31am ET
The Trump Taj Mahal will become the fifth Atlantic City, N.J., casino to close this year, according to Carl Icahn, its largest creditor.
Oct 24 2014 | 10:29am ET
Pershing Square Asset Management chief William Ackman used a deposition by lawyers for Allergan Inc. to offer a lesson in semantics.
Oct 24 2014 | 10:25am ET
Franklin Templeton Investments has launched a European version of its mutual fund of hedge funds.
Oct 24 2014 | 10:24am ET
George Soros’ oldest son and the president of his $28 billion family office has split from his wife of 22 years.
Oct 24 2014 | 10:22am ET
Hertz Global Holdings has not solved its activist hedge-fund problem.
Oct 24 2014 | 10:21am ET
The CEO of Eclectica Asset Management, which has seen more than half of its assets evaporate this year, has left the hedge fund.More News
Oct 21 2014 | 12:41pm ET
In the second half of our interview with Nouriel Roubini, FINalternatives editor-in-chief Deirdre Brennan speaks with the renowned economist about IMF policies, the risk posed by shadow banking systems, and the possibility of a hard landing in China.
Oct 22 2014 | 12:28pm ET
From a regulatory standpoint, nearly every development since the crisis has placed more demands on internal compliance departments and a firms’ data management capabilities. Compliance departments have seen headcounts beefed up, but without the support of timely, accurate data, their job is impossible. Alan McKenna explains.
Oct 22 2014 | 10:29am ET
A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for a lakefront home in Kenilworth, Illinois.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...