Sunday, 19 October 2014
Last updated 2 days ago
Feb 24 2012 | 8:41am ET
Commerzbank made a number of hedge funds very happy yesterday with its plan to swap its cut-rate debt for shares.
The German bank, moving to come into compliance with new European core capital rules, said it would exchange subordinated debt and other such securities for shares. The plan could produce some of the biggest profits for hedge funds of the young year.
Hedge funds have been buying up Commerz and other European bank debt. Some hedge funds managed to buy the Commerz debt for as little to 53 to 60 cents on the euro last year, Reuters reports. Other hedge funds told the news agency that Commerz's announcement has opened another lucrative opportunity.
"What I'm doing this morning is buying bonds off people who can't take equity and hedge it," one manager told Reuters.
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 ...