Thursday, 2 October 2014
Last updated 1 hour ago
Oct 2 2014 | 8:19am ET
Relational Investors, the $6 billion activist hedge fund, will return investor capital and close its doors after its co-founder’s cancer returned.
Ralph Whitworth took a leave of absence in July after his throat cancer recurred. But while Relational had planned to remain in business, suspending only new investments, fears that investors would bolt led it to choose to liquidate the fund.
Oct 2 2014 | 8:16am ET
A pair of former top Deutsche Bank creditors have reunited to launch a hedge fund.
Oct 2 2014 | 8:15am ET
U.S. regulators have put a stop to Royal Bank of Canada’s plan to spin-off its proprietary-trading operations as a stand-alone hedge fund.
Oct 2 2014 | 8:14am ET
Neuberger Berman Group has struck a deal for credit hedge fund Orchard Square Partners.
Oct 2 2014 | 7:59am ET
Hong Kong's MCP Asset Management has launched its Terra Grove Pan Asia Fund with $62.5 million.
Oct 2 2014 | 7:02am ET
Highland Capital Management has settled allegations that it made improper cross-trades as market liquidity was drying up during the financial crisis.
Oct 2 2014 | 7:01am ET
A major investor in Fannie Mae and Freddie Mac said it was “disappointed” by the failure of its lawsuit against the U.S. government—but didn’t say what its next steps would be.More News
Oct 2 2014 | 5:56am ET
Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the idea of using their decades of expertise to select only the best of the best hedge funds and fund of hedge funds and pair them with their extensive rolodex of institutional investors. FINalternatives editor Deirdre Brennan recently sat down with Ghali to find out what kinds of funds make the cut, why he is still bullish on fund of funds, and how Sussex is expanding its business.
Sep 29 2014 | 3:07pm ET
As a former finance professor Peter Hecht experiences heartburn every time he hears the investment community criticize hedge funds for not keeping up with the S&P 500. It is the same type of heartburn he felt when investors thought hedge funds demonstrated skill when they outperformed the S&P 500 in 2008. According to Hecht, both comments reflect a fundamental misunderstanding on how to evaluate hedge funds…or any new investment.
Sep 22 2014 | 9:29am ET
Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel founder and CEO just gave another $1 million to the Illinois gubernatorial campaign of Republican Bruce Rauner.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...