Tuesday, 21 October 2014
Last updated 2 hours ago
Apr 20 2011 | 1:11pm ET
Carl Icahn’s son, who has worked for his father’s firm for almost a decade, apparently has a side business as a hedge fund manager. And a very successful one, at that.
Brett Icahn’s fund returned 50% last year, The New York Times reports as part of a larger profile of the elder Icahn on his 75th birthday. The Gray Lady didn’t identify the name of Icahn fils’ fund, but does tip him to succeed his father at Icahn Associates, which last year decided to return all outside capital.
Certainly, he seems to have his father’s taste for a fight.
“Corporate democracy is a myth, and cronyism on boards is rampant,” he told the Times. “That’s why there’s a lot of opportunity as an activist.”
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 ...