Thursday, 2 October 2014
Last updated 13 hours ago
Jul 18 2007 | 1:17pm ET
Activist hedge fund Third Point has pushed back its planned publicly-listed fund, the London Stock Exchange said today. The Wall Street Journal reports that the firm will try again tomorrow.
The New York-based fund, led by Daniel Loeb, had planned to raise €500 million (US$689 million) for its Third Point Offshore Investors Fund, which was to begin trading on the LSE today. In a note posted on its Web site, the exchange said the listing was delayed until further notice, and did not say what prompted Loeb’s change of heart.
But the Journal reports that, like a recent Carlyle Group private equity fund IPO, Third Point has fallen short of its target. The newspaper wrote that orders continue to come in and that the fund may reach its target, and that the issuance of shares had been postponed 24 hours to facilitate the former.
Proceeds from the IPO, whenever it happens, will be invested in the Offshore Investors fund, an already-extent offering registered in the Cayman Islands.
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...