Wednesday, 17 September 2014
Last updated 6 hours ago
Feb 26 2010 | 1:35pm ET
He’s abandoned his Pirate ship, but Tom Hudson still has a taste for gold.
The Pirate Capital founder Tom Hudson has launched a new hedge fund, Doubloon Capital, and is fundraising for several new funds. The famed activist investor’s new firm will, like Pirate, focus on stressed and distressed companies, according to The Wall Street Journal. Doubloon will shy away from technology, telecommunications and “asbestos-tainted” companies, with investing in industrials, real-estate investment trusts, retailers and casino companies.
“While a rising tide lifts all ships, a falling tide can be treacherous for a ship in shallow water,” Doubloon writes in marketing documents. “Value investing is all about identifying intrinsically 'cheap' companies. The direction of the macro environment, the tide, often will determine the value realization for undervalued companies.”
Doubloon will charge 2% for management and 20% for performance.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...