Monday, 20 October 2014
Last updated 4 hours ago
May 13 2008 | 9:02am ET
New York-based D.B. Zwirn & Co. may wind with an unusually diverse roster of employees next month.
The hedge fund is favored to wind up in control of TVT Records, the rap- and hip-hop-heavy independent record label trying to battle its way out of bankruptcy. D.B. Zwirn could even wind up as the label’s majority owner after a scheduled June 12 auction, which could attract up to 30 bidders.
But D.B. Zwirn, which manages some $4.2 billion, is said to have something of a head start, as the holder of $9.7 million in secured loans to TVT, the New York Post reports. TVT went into Chapter 11 bankruptcy protection in February after losing a $9.1 million court verdict over another record label’s release of early recordings from its top act, rapper Pitbull.
TVT, which was named Billboard Magazine’s top independent label from 2001 through 2006, has at one time or another been the home of such hip-hop icons as Snoop Dogg and Lil’ Jon, as well as reggae superstar Bounty Killer and other top acts, including Jurassic 5, Nine Inch Nails and Sevendust.
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 ...