Tuesday, 30 September 2014
Last updated 3 hours ago
Nov 23 2011 | 7:33am ET
Aladdin Capital Holdings has agreed to sell several of its hedge funds to Mitsubishi Corp., which owns almost 20% of the Stamford, Conn.-based firm.
Aladdin, which earlier this year shut its two-year-old broker/dealer operation, will sell its corporate credit hedge fund and bankruptcy loan funds to MC Asset Management Holdings. The firm, which will retain some $9.6 billion in structured debt pools, will own a 20% stake in the new venture, with the rest owned by Mitsubishi.
MC Asset Management will have about 20 employees initially. The rest of Aladdin’s management team “will remain intact and the transition is expected to be seamless to investors,” Aladdin said in a statement. In addition, the firm said that chief investment officer Neil Neilinger would be promoted to CEO.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...