Tuesday, 30 September 2014
Last updated 45 min ago
Jul 23 2008 | 11:47am ET
New York hedge fund Paulson & Co., which made a killing on falling mortgage bonds last year, plans to do the same when the market rebounds.
The $33 billion firm is setting up a hedge fund to make long-term investments in financial services firms burned by the credit crisis and market slump, Bloomberg News reports. The new fund, for which Paulson has not set a fundraising target, may debut in December.
The Amex Securities Broker/Dealer Index is down 35% in the past 12 months, while the largest banks and financial firms have taken some $467 billion in write-offs related to the credit crisis. The new Paulson hedge fund would provide capital to those firms, aiming to profit on their resurgence.
Firm founder John Paulson, who saw several of his funds post triple-digit returns last year, told a Monaco conference that his firm hired professionals to research securities firms to see what sort of opportunity there might be for long-term investments.
“We’re trying to see the right entrance point,” he said. “If you invest too early, you lose money.”
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...