Sunday, 23 November 2014
Last updated 2 days ago
Aug 30 2011 | 2:51pm ET
At least one hedge fund was more than slightly inconvenienced by Hurricane Irene, which struck the New York area on Sunday.
While the city was mostly spared the predicted destruction, its suburbs were hard-hit. Millions of customers in Connecticut, New Jersey, Long Island and Westchester County, home to many of the world's largest hedge funds, lost power; many are still without it.
One customer that lost power was Appaloosa Management; the firm was forced to move from its Millburn, N.J., headquarters after the storm cut its power, Reuters reports. It is unclear whether Appaloosa's lights had come back on, or, if not, when they will.
The hurricane also caused massive flooding, particularly in New Jersey, and disrupted transit in the whole of the New York City area.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...