Wednesday, 22 October 2014
Last updated 15 hours ago
Dec 17 2010 | 12:51am ET
A former protégé of Carl Icahn is launching a hedge fund of his own, seeded by Icahn's fellow billionaire George Soros.
Soros Fund Management will invest $250 million in Keith Meister's still-unnamed new fund. The 37-year-old plans to use what he learned at Icahn Associates: The event-driven vehicle will employ an activist strategy, The New York Times reports.
Meister resigned from Icahn this summer after spending eight years at the firm. He rose to become one of Icahn's most trusted lieutenants, serving on the boards of several portfolio companies and as principal executive officer of Icahn Enterprises, overseeing its gaming and real-estate investments.
Meister was this year named one of the highest-paid executives under 40 by Fortune magazine.
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 ...