Sunday, 1 March 2015
Last updated 1 day 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!”
Feb 27 2015 | 2:52pm ET
Dutch pension fund manager PGGM sent a letter to the board of American Realty Capital demanding the resignation of four directors who maintain close connections to former CEO Nicholas Schorsch.
Feb 27 2015 | 2:37pm ET
Online speciaty retailer Blue Nile has appointed Robert van Schoonenberg to its board of directors.
Feb 27 2015 | 2:30pm ET
David Ganek has sued Manhattan U.S. Attorney Preet Bharara, members of his staff, and several FBI agents. The lawsuit centers on the 2010 raid of his hedge fund Level Global, which shut down several months later.
Feb 27 2015 | 9:37am ET
Fortress Group’s macro fund is facing nearly $800 million in redemption requests, according to the company, or approximately 25% of its $3.2 billion AUM.
Feb 27 2015 | 8:50am ET
Macro hedge fund Dymon Asia, one of the region’s largest homegrown hedge funds and among the best performing funds of its type in recent years, lost 10.45% in January.
Feb 27 2015 | 6:15am ET
SuMi TRUST Global Asset Services has announced that Karl McEneff will step back from day to day executive responsibilities but will remain within the organisation taking up the role of chairman and non-executive director of SuMi TRUST Ireland.More News
Feb 26 2015 | 9:05am ET
High-frequency trading firm Virtu Financial Inc. reported another year without a single day of losses, extending a near-perfect streak stretching back to 2009 that contrasts with dwindling profits at competitors.
Feb 26 2015 | 9:53am ET
In considering the topic of risk in the hedge fund world, specifically, the oversight and protection of your firm’s intellectual property, it’s helpful to begin by looking at the confluence of drivers relating to risk. Robert Barsky, a principal at C&A Consulting, explains.
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…