Thursday, 23 October 2014
Last updated 14 min ago
Mar 10 2006 | 12:00am ET
Ladenburg Thalmann Asset Management has reportedly launched a new hedge fund that will invest in blank check companies.
A spokesman at the firm declined to comment on the new fund, LTAM/SMC Opportunity Fund.
News of the fund launch was reported in HedgeWeek, and a source familiar with the matter said an administrator affiliated with the money management firm “accidentally” sent the press release to the media outlet.
LTAM has a strict policy of not announcing its new funds while the firm is in the capital raising stage. According to the press release in HedgeWeek, the fund will be managed by Steven Cohen and has the capacity to take in $300 million.
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…
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 ...