Sunday, 14 September 2014
Last updated 2 days ago
May 9 2014 | 11:33am ET
A group of hedge fund managers’ faith in Fannie Mae and Freddie Mac may be rewarded, as talks on a bipartisan plan to wind the mortgage giants down have fallen apart.
A committee vote on the bill to scrap the companies and replace them with a new system of government-backed mortgage insurers was postponed last week as Sens. Tim Johnson (D-S.D.) and Mike Crapo (R-Idaho) sought to build more support for the measure. The bill is expected to pass the committee, but without a large majority on the panel, it appears unlikely that the bill would come to a vote of the full Senate.
Six Democrats on the Senate Banking Committee have yet to commit to supporting the bill.
Both parties in Congress and the White House have expressed support for replacing, rather than restructuring, Fannie and Freddie. A number of hedge funds have invested in the companies and pushed to preserve them, including Perhsing Square Capital Management and Fairholme Capital Management.
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 Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?