Wednesday, 22 October 2014
Last updated 16 hours ago
Jan 22 2014 | 11:42am ET
Pine River Capital Management is ramping up its effort to buy up bank assets.
The Minnetonka, Minn.-based hedge fund has hired James Lee to focus on acquiring securitized loans from banks forced to unload them by new global regulations, Bloomberg News reports. Lee is a former global head of structured credit trading at Barclays, and will serve as a strategist on its structured credit team.
The group manages about $950 million for Pine River, which has $13.9 billion in assets. The firm's structured-credit strategy focuses on deals of between $50 million and $100 million.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...