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Blackstone Hires First Traders For Huge Concentrated Stock Fund

Aug 29 2014 | 8:24am ET

The Blackstone Group is recruiting traders from some big-name hedge funds for its planned big-bet best ideas vehicle.

The alternative investments giant is set to launch the multi-billion dollar hedge fund in a few weeks. And Blackstone Senfina Advisors has now hired the first traders for the vehicle.

 

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Hayman Chief Blasts Elliott Over Argentine Impasse

Aug 29 2014 | 8:20am ET

Elliott Management founder Paul Singer is a better hedge-fund manager than he is a person, according to Hayman Capital Management’s Kyle Bass.

York Faces Naked Short Probe In Spain

Aug 29 2014 | 8:19am ET

York Capital Management is under investigation for allegedly illicit naked short sale of a Spanish bank.

Falcone Attacked For Tender Offer

Aug 29 2014 | 8:18am ET

Harbinger Capital Management founder Philip Falcone is under fire over his bid to acquire the minority of steel-fabricator Schuff International that it doesn’t already own.

Dollar General To Continue Family Dollar Push

Aug 29 2014 | 8:16am ET

Dollar General CEO Rick Dreiling said yesterday that his company remains committed to buying rival Family Dollar Stores, in spite of its opposition to the merger.

Baupost Sold Out Of Espírito Santo Before Collapse

Aug 29 2014 | 7:37am ET

The Baupost Group rid itself of substantially all of its investment in Portugal’s collapsed Banco Espírito Santo before the bank went under earlier this month.

Ponzi Schemer Galemmo Gets More Than 15 Years

Aug 29 2014 | 7:25am ET

Hedge-fund fraudster Glen Galemmo was sentenced to more than 15 years in prison for ripping off more than 100 investors of $34 million.

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In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched Relative Value Partners in 2004, the only people they knew with money were “other Wall Street people.” So they started managing money for money managers and today financial industry types still account for about half their clientele. RVP invests in closed-end funds, managing $950 million across a number of strategies, the oldest of which—their Balanced strategy—is up 7.33% on an annualized basis since inception in '04.

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Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.