Tuesday, 30 September 2014
Last updated 28 min ago
Feb 27 2014 | 12:09pm ET
Harbinger Capital Management’s wireless internet venture thinks that Dish Network founder Charles Ergen is sounding a lot like President Richard Nixon.
LightSquared is seeking to have Ergen’s purchases of its debt declared illegal, arguing that competitors were barred from buying it. Ergen has said he bought the debt as a “personal investment” before Dish became interested in acquiring LightSquared’s share of the electromagnetic spectrum.
LightSquared called that “the type of ‘non-denial denials’ the Nixon White House offered when confronted by the Watergate break-in.” The company said Ergen merely sought to “sow confusion and have the bankruptcy process collapse, so that he could swoop in and pick up the pieces.”
Ergen allegedly bought up about $1 billion in LightSquared debt through a hedge fund, without disclosing that he was behind the purchases.
Dish last month dropped its $2.2 billion bid for LightSquared’s assets.
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…
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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.