Monday, 20 October 2014
Last updated 14 sec ago
Apr 23 2009 | 8:20am ET
Its activist battle with Deutsche Börse over, hedge fund Atticus Capital is ending its redemption restrictions on a side-pocket that held its investments in the German stock exchange operator.
The hedge fund instituted the limitations a year ago, during which time Deutsche Börse shares lost more than half their value. But with Atticus’ decision to end its alliance with fellow hedge fund The Children’s Investment Fund last month, the firm has given clients access to all of their capital once again, the Financial Times reports.
The two hedge funds ended their “acting in concert” agreement at the end of March. The two joined forces in September, after the Deutsche Börse’s shares lost more than half of their value. The pair, which collectively owned 19.3% of Deutsche Börse, threatened to seek “to change some members of the supervisory board in order to ensure leadership and urgency regarding any appropriate options.”
Atticus’ Deutsche Börse stake, once as high as 9%, is down to about 2% as of the firm's March 31 filing.
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…
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 ...