Sunday, 19 October 2014
Last updated 2 days ago
Apr 25 2014 | 12:32pm ET
An Israeli real-estate group has accused hedge fund Duet Asset Management of breaking a deal to buy its stake in a Dutch company.
Habas Investments’ Dutch arm, Habas Tulip, sued Duet for failing to complete a €57 million deal for its 20% of Nieuwe Steen Investments. Habas said the two sides struck a binding accord in August, but that Duet failed to complete the transaction by the specified September closing date.
Habas, which is liquidating, said it was then forced to sell NSI shares at a lower price. It wants €13 billion in compensation and damages—and for Duet to pay €50 million for the rest of its NSI shares.
Duet has yet to respond to the litigation.
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 ...