Tuesday, 21 October 2014
Last updated 9 hours ago
Nov 24 2010 | 5:00am ET
Moore Capital Management founder Louis Bacon has lost a round in his battle to keep a 140-mile power line off of his vast ranch in southern Colorado.
An administrative law judge ruled that Xcel Energy and the Tri-State Generation and Transmission Association have shown that there is a need for the power line. Mana Jennings-Fader also ruled that Xcel and Tri-State raised serious questions about the alternatives proposed by Bacon.
Bacon has argued that there are less expensive and less obtrusive ways to build the power line. He objects to running the line though undeveloped mountains and valleys in his 250-square-mile Trinchera Ranch.
Despite the setback, Bacon has vowed to continue the fight.
"Fortunately, there are many more steps in the approval process and thousands of Coloradans are rallying around better and cheaper alternatives," spokesman Cody Wertz said.
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 ...