Monday, 20 October 2014
Last updated 2 days ago
Oct 8 2010 | 11:42am ET
Ellington Management listed its subprime mortgage hedge fund on the New York Stock Exchange this morning after selling $101 million worth of shares.
The oft-delayed initial public offering priced at $22.50 each, within the $22 to $24 range. The proceeds will be used to provide permanent capital to the now-$350 million fund.
Ellington Financial has also granted the underwriters, Deutsche Bank and Cantor Fitzgerald, an over-allotment of 675,000 shares.
The fund trades under the ticker symbol EFC, and dipped 51 cents after its debut.
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 ...