Tuesday, 21 October 2014
Last updated 4 hours ago
Apr 1 2010 | 10:37am ET
Credit Suisse and York Capital Management are in talks about the former taking a minority stake in the hedge fund firm, according to Hedge Fund Alert.
New York-based York manages $12 billion, including more than $3 billion in its flagship multi-strategy fund. The firm was founded in 1991 by James Dinan.
Talks between the two sides are still ongoing, and it is unclear what the terms of any deal might be. It is also possible that no deal will be struck, the newsletter reports.
Credit Suisse’s interest in the hedge fund comes despite President Barack Obama’s plan to bar bank holding companies from owning hedge funds.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...