Thursday, 23 October 2014
Last updated 3 hours ago
Aug 11 2011 | 1:27pm ET
Another hedge fund has said it will formally object to Lehman Brother's bankruptcy exit plan, which was crafted to win the support of other hedge funds.
Mason Capital plans to file an objection to the settlement Lehman reached with its largest creditors, including Paulson & Co., in June, the Financial Times reports. In doing so, it will join a group of distressed-debt hedge funds, including Centerbridge Partners, in fighting to scupper to the proposed settlement, which would have begun paying creditors early next year.
A federal bankruptcy judge in New York will hear arguments on whether he should reject the plan next month.
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…
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 ...