Sunday, 14 September 2014
Last updated 2 days ago
Mar 30 2011 | 9:28am ET
Steven Cohen has quite the taste for one very hard metal.
SAC Capital Advisors boosted its stake in AK Steel Holding to 4.8%, the hedge fund disclosed. The stake is spread between SAC's main unit and its CR Intrinsic Investors division, and was worth nearly $87 million at the close of trading yesterday.
SAC owned less than 1% of Ohio-based AK at the end of last year. The smaller stake was the result of a series of smaller moves, "on almost a bi-weekly basis," according to Guru Focus, from April to November of last year. But Cohen hadn't made a move in the stock since then.
News of SAC's higher stake in AK sent the stock up by as much as $1 per share yesterday.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?