Monday, 20 October 2014
Last updated 3 days ago
Jun 25 2014 | 6:44am ET
Several prominent hedge funds are heading to the Standard & Poor’s 500 Index—at least in part.
S&P Dow Jones Indices announced yesterday that Affiliated Managers Group—which owns minority stakes in a number of hedge fund firms—would join its large-capitalization index at the close of trading on Monday. AMG, which is based in Prides Crossing, Mass., will replace Forest Laboratories in the index.
Forest is being acquired by fellow pharmaceutical company Actavis, a deal agitated for by Carl Icahn, who owns 11% of Forest and who has led an activist campaign at for three years. Icahn is set to earn nearly $1.7 billion on the deal.
AMG owns stakes in AQR Capital Management, BlueMountain Capital Management and ValueAct Capital Management, among other hedge funds and asset managers. In addition, the firm has recently agreed to buy a 20% stake in D.E. Shaw Group from the estate of the bankrupt Lehman Brothers holdings.
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 ...