Wednesday, 1 October 2014
Last updated 9 hours ago
Apr 21 2010 | 2:20am ET
Paulson & Co. has taken a big stake in private equity firm American Capital, which is raising money to restructure its debt.
The New York-based hedge fund is buying about 13% of American Capital, part of a $295 million stock offering to institutional investors. Paulson is scooping up 43.7 million of the 58.3 million common shares on offer at a 5% discount to Friday’s closing price.
The deal will make the $32 billion hedge fund Bethesda, Md.-based American Capital’s largest shareholder.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...