Tuesday, 30 September 2014
Last updated 9 hours ago
Nov 12 2007 | 11:14am ET
Hedge funds are not allowed to advertise, but that’s not stopping Sardar Biglari.
The head of San Antonio’s Lion Fund put up three billboards in Indianapolis, but don’t expect the Securities and Exchange Commission to slap him with a cease-and-desist order. The ads are part of Biglari’s very public campaign for the board of Steak n Shake, an Indianapolis steakhouse chain.
Biglari, who controls 7.3% of Steak n Shake, says he is annoyed with the company’s poor performance, and announced last month a proxy battle for a pair of spots on Steak n Shake’s board. And to that end, he’s taking a page out of the political campaign playbook: The billboards implore Steak n Shake shareholders to vote for Biglari and Lion Fund board member Philip Cooley in the proxy fight.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...