Monday, 2 March 2015
Last updated 4 hours ago
Feb 27 2015 | 5:42am ET
The world’s largest hedge fund manager is banking on machines.
Ray Dalio’s $165 billion Bridgewater Associates will start a new, artificial-intelligence unit next month with about half a dozen people. The team will report to David Ferrucci, who joined Bridgewater at the end of 2012 after leading the International Business Machines Corp. engineers that developed Watson, the computer that beat human players on the television quiz show “Jeopardy!”
Mar 2 2015 | 6:02pm ET
Hedge fund Barington Capital Group has filed a preliminary proxy statement with the SEC to formally ask shareholders for additional board seats at manufacturing company Eastern Co.
Mar 2 2015 | 5:29pm ET
The Texas County & District Retirement System committed a total of $300 million to two managers in February.
Mar 2 2015 | 4:12pm ET
Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker.
Mar 2 2015 | 2:09pm ET
A Massachusetts Congressman has proposed a new bill that would create a "clear cut" law designed to make insider trading a crime.
Mar 2 2015 | 1:29pm ET
Closely watched bond investor Bill Gross criticized ultra-low interest rates on Monday, saying they could harm global growth instead of boosting it in the way that many central banks intend.
Mar 2 2015 | 11:21am ET
Bank holding company Webster Financial Corp. is under pressue to spinoff its health savings account business by hedge fund Kerrisdale Capital Management.More News
Mar 2 2015 | 6:47am ET
Hong-Kong based asset manager Asian Frontier Capital is making a capital raising push in the United States. The fund was in the top 20 best performing hedge funds in the world in 2014, according to alternative assets data and intelligence provider Preqin.
Mar 2 2015 | 8:41am ET
The hedge fund firms that make it easier for prospective investors to gain comfort about how their funds seek to identify and manage risk in running their investment portfolios are the ones that will begin to develop a brand identity and find it easier to out-market competitors and attract assets. Bruce Frumerman and Samuel K. Won explain.
Feb 25 2015 | 2:45pm ET
New York hedge fund manager Philip Falcone is no longer a minority owner of the NHL franchise Minnesota Wild. PEAK6 co-founder and CEO Matthew Hulsizier will replace Falcone and assume a stake in the team.
Feb 27 2015 | 5:56am ET
Online matchmaking services for investors and alternative asset managers have been around for years. While many have tried—with various degrees of success—to use digital platforms to streamline the capital raising process, there has still always been the need to take the transaction to a broker to execute. Venovate Marketplace aims to change that.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…