Wednesday, 1 October 2014
Last updated 8 hours ago
Mar 9 2011 | 11:09am ET
Algebris Investments has teamed up with an Italian bank to launch a new fund investing in the latest investment craze, contingent convertible bonds.
Davide Serra, head of Algebris, noted that some €1 trillion worth of so-called "CoCos" will be issued by banks over the next several years. The bonds are designed to help banks meet stricter new capital ratio requirements, and convert to equity if a bank's capital ratio falls below a set threshold.
The new Duemme CoCo Credit Fund is a joint venture of Algebris and Banca Esperia, in which Mediobanca owns a 50% stake. The two firms said their skill in the "correct determining of pricing could represent an important factor of extra return."
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...