Thursday, 2 October 2014
Last updated 29 min ago
Nov 20 2012 | 1:32pm ET
One of the hottest hedge funds around thinks that Groupon Inc. has been kicked around enough.
Tiger Global Management has bought a nearly 10% stake in the Chicago-based online coupon company, it said in a U.S. Securities and Exchange Commission filing. The New York-based hedge fund's 65 million shares are worth about $200 million.
Groupon shares have lost some 80% of their value since the company's initial public offering a year ago. It's also the third struggling Internet the hedge fund, which is up more than 25% this year, has added to its portfolio, after Facebook Inc. and Yahoo! Inc.
Groupon hit a record low last week after it missed its third-quarter revenue projection. But Tiger Global's interest has led to a rally that pushed Groupon to a four-month high.
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...