Thursday, 24 July 2014
Last updated 44 min ago
Jul 24 2014 | 6:12am ET
Adage Capital Management, the Boston hedge fund started by two former money managers at Harvard University’s endowment, made almost $1 billion yesterday as a biotech company the firm backed surged following a successful medical trial.
Puma Biotechnology Inc. shares almost quadrupled after the company said its experimental drug blocked the return of breast cancer in women with a type of early-stage disease. Adage owned 5.69 million common shares of Puma. as of March 31.
Jul 24 2014 | 7:40am ET
The family office formerly known as SAC Capital Advisors has hired a JPMorgan Asset Management portfolio manager.
Jul 24 2014 | 7:39am ET
Struggling retailer American Apparel has named most of its new board of directors under a $25 million rescue agreement with hedge fund Standard General.
Jul 24 2014 | 7:38am ET
A Texas pension fund has increased its hedge-fund investments by about 20%, allocating an additional $60 million to two of its current managers.
Jul 24 2014 | 7:37am ET
UBS’ hedge-fund unit has hired Credit Suisse Group trader Nathan Bohn for its expanding credit business.
Jul 24 2014 | 5:30am ET
Attain Capital Management has launched a new wealth advisor focused which provides single platform access to several top ranked commodities based alternative investment managers.
Jul 23 2014 | 1:07pm ET
JPMorgan Chase is in advanced talks to sell half of its interest in funds run by its private-equity arm in advance of a spin-off of that unit.
Lexington Partners and AlpInvest Partners are the probably buyers. The two would split about half of JPMorgan’s $4.5 billion investment in One Equity Partners’ funds.More News
Jul 23 2014 | 6:44am ET
While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.
Jul 24 2014 | 5:55am ET
The number of private funds converting to mutual funds has increased significantly in recent years. Unfortunately, there is a lot of confusion among managers about whether their private fund track record can be portable, what steps they must take to make it happen or even how they can use the track record if it is portable. Industry expert Dave Carson explains.
Jul 15 2014 | 10:48am ET
Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at the event’s final table.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…