Friday, 22 May 2015
Last updated 15 min ago
May 20 2015 | 9:15am ET
Sen. Bernie Sanders (I-Vt.) introduced legislation to make four-year public colleges and universities tuition free for students and plans to pay for it by introducing new taxes and fees on Wall Street banks and hedge funds.
Under the legislation, $70 billion a year in assistance – two-thirds from the federal government and one-third from states – would replace what public colleges and universities now charge in tuition and fees.
May 22 2015 | 1:17pm ET
Assets under management in the hedge fund industry increased 0.71% to $3.125 trillion in April, according to new data from research firm eVestment.
May 22 2015 | 1:00pm ET
Jared Cohen’s plans to start his own distressed debt fund will receive a boost from none other than his former boss, Fortress Investment Group co-Chairman and head of its credit unit Peter Briger.
May 22 2015 | 12:53pm ET
Billionaire activist investor Carl Icahn said Thursday that mutual funds will increasingly realize that being underweight shares of Apple will hurt their performance as the technology giant continues to innovate.
May 22 2015 | 5:38am ET
Absolute return asset management firm LNG Capital has launched a new share class for its flagship Europa Credit Fund.
May 21 2015 | 3:36pm ET
Nomura has added two new executives to its U.S. prime finance team and is moving a third from Asia to New York as the prime brokerage industry continues to adapt to regulatory and industry changes.
May 21 2015 | 3:09pm ET
Lumber Liquidators CEO Robert Lynch has unexpectedly resigned, nearly three months after a report alleged that the company sourced flooring laminates with harmful levels of a known carcinogen.More News
May 7 2015 | 10:43am ET
Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered investment adviser focused on asset-backed lending transactions and alternative investment management. Hass recently spoke with FINalternatives’ Steven Lord about private debt investing and the benefits it can bring to investors.
May 22 2015 | 6:41am ET
Private credit comes in many different flavors, all with the common themes of over-collateralization, a higher coupon than public markets and normally a Variable Rate. The beauty of private credit is that each transaction can be tailored to a specific investment outcome. Greg Silberman, chief investment officer of Atlanta Capital Group, explains.
May 12 2015 | 12:10am ET
Yale University announced it has received a $150 million gift from Blackstone Group co-founder, Chairman, and CEO Stephen A. Schwarzman. The university plans to use the nine-figure gift to create a new cultural and student life center.
May 8 2015 | 6:38am ET
Some of the most brilliant hedge fund managers have seen their firms collapse not because of poor investment decisions, but because of failed operations. Managing a business is very different than managing a fund. One firm is harnessing technology to help managers run their businesses. OpsCheck, which was specifically built for fund managers, is a web-based application aimed at managing and warehousing all business operational tasks for hedge funds.
May 12 2015 | 8:46pm ET
President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…