Wednesday, 1 October 2014
Last updated 11 hours ago
May 13 2009 | 10:02am ET
Carl Icahn is bullish on distressed debt, and his hedge fund is snapping bonds, he told investors earlier this month.
The famed corporate raider sees a “once in a generation” opportunity in distressed debt, he wrote in a May 1 letter obtained by the New York Post. And he’s seeking to make the most of it, with some 42% of Icahn Partners’ portfolio now in bonds, compared to just 9% in stocks.
“Credit investments are becoming a larger percentage of the portfolio and we expect these investments to be a larger driver of returns this year than in years past,” he wrote.
Icahn didn’t name many names in the letter, but the veteran activist promised he would be “active in the names we have purchased.”
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...