Monday, 20 October 2014
Last updated 8 hours ago
Jul 9 2012 | 7:10am ET
Six years ago, Fairfax Financial Holdings sued eight hedge funds and brokerage Morgan Keegan for conspiring to drive its stock price down. Since then, seven of the hedge funds, including SAC Capital Advisors, Third Point and Kynikos Associates, have been culled from the roster of the accused.
But Exis Capital Management remains, and, it seems, will remain when the trial begins on Sept. 10. A New Jersey judge has refused to dismiss the case against the hedge fund, and also junked Morgan Keegan's most recent bid for a dismissal.
Fairfax is seeking $8 billion in the racketeering claim.
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 ...