Tuesday, 30 September 2014
Last updated 2 hours 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.
Sep 30 2014 | 3:42pm ET
Lansdowne Partners is set to launch an energy hedge fund, hiring a manager from the world’s largest sovereign wealth fund to run it.
Sep 30 2014 | 3:41pm ET
After months of refusing to take the step, a federal judge in New York has held Argentina in contempt of court, saying the country’s new law authorizing a debt swap to sidestep his orders is a step too far.
Sep 30 2014 | 1:58pm ET
A hedge-fund tax-reduction strategy is getting some unwanted attention from the Federal Reserve.
Sep 30 2014 | 1:56pm ET
A new hedge fund helmed by a Tricadia Capital Management and Eton Park Capital Management veteran has won some big backers.
Sep 30 2014 | 1:54pm ET
A pair of alternative investments titans say they’re feeling the heat on fees.
Sep 30 2014 | 1:23pm ET
Michael Aksman's New York-based Equities Global Analytics employs a short-term statistical arbitrage strategy he's run for 13 years, but the firm is now running a $5 million pilot trading project designed to reach a new group of quantitative investors.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...