Tuesday, 21 October 2014
Last updated 8 hours ago
Apr 24 2008 | 11:39am ET
Ameriprise Financial and Lincoln Financial Group are in talks to acquire J.W. Seligman & Co. with an eye toward its highly-successful $1 billion technology hedge fund.
The Seligman Tech Spectrum Fund, managed by Paul Wick, is down 4.3% this year, but returned 16.6% last year and 28.4% the year before. The fund is currently closed to new investors.
Seligman also manages a number of traditional investment portfolios, which both Ameriprise and Lincoln Financial could fold into their own products, Dow Jones reports.
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 ...