Saturday, 30 August 2014
Last updated 1 day ago
May 20 2008 | 11:40am ET
The Children’s Investment Fund has taken stakes in both CME Group and NYMEX Holdings as the two exchange operators push forward with their plans to merge.
TCI revealed a 0.95% stake in CME, which runs the Chicago Mercantile Exchange, in a regulatory filing. The British-based activist hedge fund also owns a smaller piece of NYMEX Holdings, which runs the New York Mercantile Exchange. The two bourses are pushing a $9 billion merger, which is opposed by many NYMEX members and shareholders.
TCI did not indicate what it plans to do with its stake, but the hedge fund has a history of opposing exchange mergers. Last year, the firm failed in its bid to block the merger of the New York Stock Exchange and Euronext, but it also has one spectacular success to its name. The hedge fund helped block Deutsche Börse’s bid for the London Stock Exchange three years ago, leading to much grumbling about alternative investment firms as “locusts” in Germany.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...