Saturday, 20 September 2014
Last updated 1 day ago
Sep 23 2008 | 2:46am ET
San Diego hedge fund shop Mentor Capital has announced a share repurchase plan designed to boost its stock price.
The firm, which manages $13.5 million, said it would buy back some 12.5% of its pink sheets, complaining that the market has “recently discounted MNTR to sometimes a fraction of cash and investments,” despite the fact that the firm “has no exposure to the current financial crisis and many be considered a small, healthy safe haven from the sub-prime problems that have decimated larger Wall Street firms.”
Mentor said it has “a strong cash position” and no debt.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.