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As Deadline Passes To Repay Hedge Funds, Argentina Defaults

Jul 31 2014 | 5:47am ET

With Standard & Poor’s saying Argentina is in default and last-minute plans to remedy the situation falling through, investor focus is turning to whether holders of $29 billion of bonds will demand immediate repayment.

The nation missed a deadline yesterday to pay $539 million in interest after two full days of negotiations in New York failed to produce an accord with creditors from its last default in 2001.

 

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Milestone Group Snags Former BNP Paribas Executive

Aug 1 2014 | 5:20am ET

Milestone Group, a global provider of fund processing solutions, has appointed Enrique Gonzalez to bolster product management focusing on the APAC region.

Goldman Sachs Vet Turnbull Readies Hedge Fund

Aug 1 2014 | 5:15am ET

Alex Turnbull, a former executive director of Goldman Sachs Group Inc.’s special situations group, is planning a Singapore-based hedge fund, said people with knowledge of the matter.

Ackman Says Herbalife Presentation A ‘PR Failure’

Jul 31 2014 | 12:33pm ET

William Ackman’s latest attack on Herbalife, last week, fell flat, and the Pershing Square Capital Management chief is taking the blame.

Carlyle Profit Doubles

Jul 31 2014 | 12:33pm ET

The Carlyle Group said its second-quarter earnings doubled as it partook in the private-equity industry’s selling spree.

Argentine Default Might Not Trigger CDS

Jul 31 2014 | 12:32pm ET

Argentina’s default yesterday is not good news for its bondholders, and it might not be good news for those betting it would happen, either.

Ex-Hedge Fund Manager’s Ban, Fine Stick

Jul 31 2014 | 11:41am ET

Former hedge fund manager Albert Micalizzi, behind bars for fraud, will remain barred from the British financial industry.

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In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv and has 360,000 researcher/analysts. If you're picturing the HR nightmare this would entail, relax: those thousands of researchers and analysts aren't actual employees of the firm.

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