Thursday, 30 October 2014
Last updated 7 min ago
Oct 29 2014 | 1:05pm ET
Brummer & Partners has pulled the plug on a quantitative hedge fund after two years of losses.
Archipel Asset Management, which got some 85% of its money from the Swedish hedge-fund investor, said it would close its doors after Brummer move to redeem its investment. Brummer said that the eight-year old firm “has not met expectations over the last few years.”
Oct 30 2014 | 11:01am ET
Och-Ziff Capital Management has beaten its fundraising target its latest real-estate fund, one which will have global ambitions.
Oct 30 2014 | 11:01am ET
A former Contrarian Capital Management executive used his access to the hedge fund’s books to enrich himself to the tune of $12 million, according to prosecutors.
Oct 30 2014 | 11:00am ET
Closing his hedge-fund earlier this year, Joseph Galbraith would up with an unexpected windfall—one he’s apparently reluctant to give up.
Oct 30 2014 | 10:59am ET
Few have been more pessimistic about Brazil’s prospects than Kynikos Associates’ James Chanos. But on paper, at least, the noted short-seller looks a little less bearish on Latin America’s largest economy.
Oct 30 2014 | 10:57am ET
Allergan Inc. has asked a federal judge to prevent Pershing Square Capital Management from voting at the Dec. 18 special meeting it requested to oust the company’s board of directors, possibly its best hope of avoiding a hostile takeover by Valeant Pharmaceuticals International.
Oct 30 2014 | 10:13am ET
The firm at which former International Monetary Fund director Dominique Strauss-Kahn planned to launch a hedge fund was in trouble was another hedge fund at the time of its founder’s death.More News
Oct 30 2014 | 7:35am ET
Acadian Asset Management's numbers are big: over $70 billion in assets under management, 60 markets in its investment universe, 40,000 stocks in its database, 70 underlying characteristics used to evaluate companies. Specializing in active global and international equity strategies, the Boston-based firm employs an array of quantitative investment techniques and analytical models for active stock selection as well as peer group valuation. FINalternatives' Mary Campbell recently spoke to Acadian's director of long/short strategies, Gartmore Group-vet Alex Voitenok.
Oct 22 2014 | 12:28pm ET
From a regulatory standpoint, nearly every development since the crisis has placed more demands on internal compliance departments and a firms’ data management capabilities. Compliance departments have seen headcounts beefed up, but without the support of timely, accurate data, their job is impossible. Alan McKenna explains.
Oct 28 2014 | 9:23am ET
Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his super PAC to ensure climate change is on the agenda for the midterm elections.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.