Tuesday, 30 September 2014
Last updated 15 hours ago
Oct 30 2008 | 11:57am ET
The main U.S. hedge fund lobbying group is deepening its involvement with the Lehman Brothers bankruptcy, seeking to break a logjam that is keeping billions of dollars of hedge fund assets frozen.
The Managed Funds Association, which earlier this month called on British regulators to speed the liquidation process, has sat down with the head of the London PricewaterhouseCoopers team that is overseeing the Lehman bankruptcy. The meeting in New York with Tony Lomas, at which he sought to clear the “considerable confusion and frustration for some regarding the U.K.’s administration process,” attracted some 200 members of the MFA.
Lehman Brothers International Europe’s bankruptcy has left as much as US$70 billion in prime brokerage assets frozen, and PwC has indicated it could take months, if not years, to determine who is entitled to what.
Lomas promised the MFA members that his firm was proceeding “as expeditiously as possible under our legal authority.”
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…
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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.