Tuesday, 24 November 2015
Last updated 3 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…