Tuesday, 30 September 2014
Last updated 9 hours ago
Oct 23 2013 | 11:32am ET
Argentina has a new lawyer in its battle against hedge fund creditors.
The country has hired former U.S. Solicitor General Paul Clement to represent it. The country is appealing rulings ordering it to pay holdouts from its 2001 debt default, led by Elliott Management. If its appeals fail, it could push the country into a second default.
Clement served as solicitor general, who represents the U.S. government before the Supreme Court, during President George W. Bush's second administration. The high court earlier this month denied Argentina's bid for a hearing, but is likely to consider the case again following a ruling by a lower appeals court.
Should the case reach the Supreme Court, Clement would likely face off against his predecessor as solicitor general, Ted Olson, who held the office during Bush's first term. Olson serves as Elliott's lead lawyer in the case.
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...