Tuesday, 21 October 2014
Last updated 42 min ago
Mar 31 2014 | 1:45pm ET
Greenlight Capital is seeking to buy a green-energy company.
The New York-based hedge fund and the family of real-estate investor James Brickman plan to take a controlling stake in ethanol producer Biofuel Energy Corp., they said last week. Brickman would become CEO of the company after the deal, which would give Greenlight a 49.9% stake in Biofuel.
Greenlight currently owns more than 35% of Biofuel. It will increase its stake through the sale of real-estate assets to Biofuel for cash and stock.
Brickman and his family will own 8.4% of Biofuel after the deal.
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 ...