Thursday, 27 November 2014
Last updated 1 day ago
May 24 2013 | 10:38am ET
Argentine authorities have raided a factory owned by a U.S. billionaire and hedge fund manager battling the country over its 2001 default.
More than 50 agents of Argentina's federal tax agency searched the Buenos Aires factory of Dart Sudamericana, which makes foam drinking cups. Dart co-owner Kenneth Dart's hedge fund, EM Limited, is among the holdouts from the default 12 years ago, seeking US$700 million, the tax agency noted in a statement.
Dart, Elliott Management and other holdouts, along with Argentina, are awaiting a federal appeals court decision on whether the country has to pay the holdouts in full.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...