Thursday, 18 September 2014
Last updated 11 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.