Monday, 20 October 2014
Last updated 2 days ago
Apr 18 2011 | 12:25pm ET
Moore Capital Management's Louis Bacon isn't giving up his fight to keep at 140-mile-long power line out of his massive chunk of southern Colorado.
Bacon's Trinchera Ranch has asked the Colorado Public Utilities Commission to reconsider its approval of the $180 million project, which it says will run through undeveloped mountains and valleys at his 250-square-mile ranch, which he bought three years ago. Specifically, Trinchera objects to the PUC's decision to waive a requirement that Xcel Energy, which wants to build the line along with the Tri-State Generation and Transmission Association, doesn't put 700 megawatts of new generation on the line within a decade.
Bacon's ranch is also unhappy that the PUC didn't accept its testimony—Trinchera believes there are cheaper, less obtrusive routes for the line over its property—and claims that Xcel and Tri-State have overstated the need for the new line.
Trinchera has been fighting the new power line for more than a year.
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 ...