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As Deadline Passes To Repay Hedge Funds, Argentina Defaults

Jul 31 2014 | 5:47am ET

With Standard & Poor’s saying Argentina is in default and last-minute plans to remedy the situation falling through, investor focus is turning to whether holders of $29 billion of bonds will demand immediate repayment.

The nation missed a deadline yesterday to pay $539 million in interest after two full days of negotiations in New York failed to produce an accord with creditors from its last default in 2001.

 

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Oaktree’s Mezzanine Head Quits Over Strategy

Jul 30 2014 | 10:36am ET

Bill Sacher, the head of Oaktree Capital Group LLC’s mezzanine business, has left the world’s biggest distressed-debt firm because of disagreements over the future of its lending strategies.

Third Point Reopens As Loeb Sees Opportunities

Jul 30 2014 | 9:10am ET

Just seven months after returning capital to clients for the first time, Third Point has reopened to new investment, albeit for a short time only.

Firm founder Daniel Loeb told investors yesterday that Third Point’s flagship would accept new money until Oct. 1. He cited a number of specific opportunities for the change of heart.

Argentina Talks Heat Up As Deadline Nears

Jul 30 2014 | 9:08am ET

Less than two days before their country’s second default in 13 years, Argentine officials met with representatives of the hedge-fund holdouts from its last default for the first time yesterday.

Elliott Warns Of Devastating Solar Pulse

Jul 30 2014 | 9:07am ET

It turns out that there is something that keeps Elliott Management founder Paul Singer up at nights, and it isn’t central bankers or the Obama administration: It’s a solar electromagnetic pulse that could plunge humanity back into the dark ages.

Ramius, State Street In Managed Futures Mutual Fund Deal

Jul 30 2014 | 8:17am ET

Ramius Capital has asked investors to let it turn over management of an alternative mutual fund to State Street Global Advisors.

Hedge Fund Wins Majority On Miner’s Board

Jul 30 2014 | 8:16am ET

Hedge fund Casablanca Capital is poised to take control of mining company Cliffs Natural Resources, it said yesterday.

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In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv and has 360,000 researcher/analysts. If you're picturing the HR nightmare this would entail, relax: those thousands of researchers and analysts aren't actual employees of the firm.

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Steve MasonSteve Mason
 
 
David Yarrow (left)David Yarrow (left)
 
 

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    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

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