Thursday, 31 July 2014
Last updated 1 hour ago
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.
Jul 30 2014 | 10:36am ET
Bill Sacher, the head of Oaktree Capital Group LLC’s mezzanine business, has left the world’s biggest distressed-debt firm because of disagreements over the future of its lending strategies.
Jul 30 2014 | 9:10am ET
Just seven months after returning capital to clients for the first time, Third Point has reopened to new investment, albeit for a short time only.
Firm founder Daniel Loeb told investors yesterday that Third Point’s flagship would accept new money until Oct. 1. He cited a number of specific opportunities for the change of heart.
Jul 30 2014 | 9:08am ET
Less than two days before their country’s second default in 13 years, Argentine officials met with representatives of the hedge-fund holdouts from its last default for the first time yesterday.
Jul 30 2014 | 9:07am ET
It turns out that there is something that keeps Elliott Management founder Paul Singer up at nights, and it isn’t central bankers or the Obama administration: It’s a solar electromagnetic pulse that could plunge humanity back into the dark ages.
Jul 30 2014 | 8:17am ET
Ramius Capital has asked investors to let it turn over management of an alternative mutual fund to State Street Global Advisors.
Jul 30 2014 | 8:16am ET
Hedge fund Casablanca Capital is poised to take control of mining company Cliffs Natural Resources, it said yesterday.More News
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.
Jul 29 2014 | 9:33am ET
In an environment where many asset classes seem expensive by historical standards, it is tough to find compelling investment opportunities that offer attractive risk/reward profiles. This is especially true in the fixed income world where yields in many areas are at record lows. Steve Mason, a portfolio manager at Collins Capital Investments, tells us where he looking.
Jul 23 2014 | 6:44am ET
While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…