Wednesday, 1 October 2014
Last updated 53 min ago
Sep 30 2014 | 3:45pm ET
Carl Icahn has notched another impressive victory, this time over eBay Inc.
After months of bitterly battling Icahn’s push to spin-off its PayPal unit, the online auctions company said it would do exactly that next year. And, while downplaying Icahn’s role in the decision, eBay’s arguments for separating PayPal sound an awful lot like those Icahn has made since first announcing his stake in eBay in January.
Oct 1 2014 | 9:20am ET
The Hedge Fund Association, an industry lobby group, has tapped two regional co-directors for its Korea chapter.
Oct 1 2014 | 8:27am ET
Chalk up another win for Third Point’s Daniel Loeb.
Oct 1 2014 | 8:26am ET
Carl Icahn may be willing to gamble on a bankrupt casino—if its employees will ante up to save their jobs.
Oct 1 2014 | 8:24am ET
Hedge-fund manager Martin Shkreli will have to go back to his day job.
Oct 1 2014 | 8:24am ET
A day after a federal judge held it in contempt, Argentina demonstrated just how much contempt it has by moving to make a payment on its restructured debt in defiance of the court’s orders.
Oct 1 2014 | 8:23am ET
The ongoing conflict between Ukraine and Russia has led a group of private-equity firms to launch the former country’s first trade association for the industry, a sign of confidence in the turmoil-plagued region.More News
Sep 30 2014 | 7:07am ET
Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch one focused on the legal cannabis space actually began with a trip to the casino.
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...