Tuesday, 23 September 2014
Last updated 46 min ago
Sep 23 2014 | 7:17am ET
Argentine President Cristina Kirchner will meet today with one hedge fund manager—albeit not one with the power to end the country’s latest default.
Kirchner, who will be in New York for this week’s United Nations General Assembly meeting, plans to sit down with billionaire George Soros today, her government said. It did not disclose what the two would discuss, but Soros holds some of the Argentine bonds that fell into default in July when a federal judge barred the country from servicing them without also paying hedge-fund holdouts from its 2001 default.
Sep 23 2014 | 11:33am ET
Hedge fund billionaire John Paulson privately lobbied Family Dollar Stores to sell itself although he later told the Securities and Exchange Commission his hedge fund's investment in the discount retailer was passive.
Sep 23 2014 | 11:00am ET
Two years after he first announced his intention to do so, former Deutsche Bank and Soros Fund Management trader Hal Lehr is launching his own hedge fund.
Sep 23 2014 | 7:32am ET
Hedge funds have done very well investing in Lehman Brothers bankruptcy claims. But that winning streak came to an end last month.
Sep 23 2014 | 7:29am ET
The Blackstone Group is abandoning a three-year effort to establish a foothold in Russia.
Sep 23 2014 | 7:28am ET
Citigroup is near a deal to sell some of its investment in a private-equity fund run by a former division.
Sep 23 2014 | 7:25am ET
Hedge funds aren’t doing especially well on their first Securities and Exchange Commission exams.More News
Sep 18 2014 | 11:18am ET
Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed company investing in the $4.9 billion Brevan Howard Credit Catalysts Master Fund. Valeur has 30 years' experience in the financial services industry, ranging from floor-trading on the Danish Stock exchange to investment banking in London to running her own alternative investment funds start-up consultancy. Valeur recently spoke with FINalternatives' Mary Campbell about the BHCC.
Sep 22 2014 | 8:35am ET
CalPERS’ announcement to divest of hedge funds has created a significant buzz in the media with many people wondering what impact this will have on the hedge fund and pension fund industries going forward. Agecroft Partners' Don Steinbrugge outlines what he believes the repercussions will be.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.