Thursday, 18 September 2014
Last updated 17 hours ago
Mar 18 2014 | 11:04am ET
Blogger “Valuable Insights” can remain anonymous for at least two more weeks.
Greenlight Capital has asked a New York State court to force Seeking Alpha to out the pseudonymous contributor, who disclosed its investment in Micron Technology before it was made public. The hedge fund was to have its chance today, but the hearing was postponed to April 1.
Greenlight wants to sue the blogger, whom it accuses of driving up its price for Micron. The hedge fund said it believes that only people with a contractual or fiduciary duty knew about its moves before Valuable Insights’ Nov. 14 post. In addition, Greenlight alleges, the blogger owned Micron shares when he or she made the post.
Judge Carol Edmead in Manhattan has asked Seeking Alpha why she should not grant Greenlight’s motion ordering the blog to identify Valuable Insights. Seeking Alpha has so far refused to do so.
In his or her profile on Seeking Alpha, Valuable Insights is described as a fund manager with more than two decades in the securities industry.
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.