Tuesday, 30 September 2014
Last updated 44 min ago
Nov 15 2007 | 7:41am ET
The Carlyle Group’s first hedge fund has reportedly run into trouble, and is facing redemption requests.
Carlyle-Blue Wave Management Partners has been burned by bad credit trades, and has not reached its specified goal of raising $1 billion, Reuters reports, and investors are seeking their money back.
Carlyle-Blue Wave was launched in the spring by former Deutsche Bank traders Ralph Reynolds and Richard Goldsmith, with former Amaranth Advisors credit trader Scott Davidson handling its credit strategies.
Washington, D.C.-based Carlyle says it continues to invest the $700 million the fund has collected.
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...