Fortune |
November 23rd, 2008 |
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Years before Dwight Walter Anderson was running the world's largest commodities hedge fund from an office 27 floors above New York City's Park Avenue, he was on the road for a software consulting firm based in Chicago.[...]
VC Circle |
November 23rd, 2008 |
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Indiabulls Financial Services is planning to become a bank as and when the government rules permit. Gagan Banga, chief executive officer of Indiabulls Financial, has said that banking franchise is exciting as one can offer services like cash management, forex and letters of credit, reports Business Standard. Banga wants to [...]
Associated Press Martha Stewart leaves Manhattan Federal Court in March 2004, after guilty verdicts in her ImClone stock fraud trial. For those absorbed by the twists and turns of ImClone Systems - from the insider trading of Sam Waksal, to the obstruction-of-justice of Martha Stewart, to the maneuvering of Carl [...]
Volatility has struck the farthest corners of the market, forcing traders to abandon even seemingly sure bets. But one fertile area for hedge funds has involved arbitraging the shares of dual-listed companies.[...]
Andrew Lo of MIT went in front of Congress recently. He suggested a team including some from academia to study what went wrong to prevent it from happening again. Of course, that is already happening at thousands of firms and hundreds of universities. (from MoneyScience)"Professor Lo, described his idea that [...]
Fierce Finance |
November 23rd, 2008 |
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Sallie Krawcheck's rise at Citigroup was often described as meteoric. Of course, meteors have to crash or burn out at some point. Krawcheck crashed headlong into new CEO Vikram Pandit, the subject of a telling feature in the New York Times. The news struck some as yet another reminder of [...]
Fierce Finance |
November 23rd, 2008 |
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The hedge fund industry is no doubt bracing for change. Those that survive will face a new era, one in which the balance of power will reside with the institutions. You can no longer take your limited partners for granted. There will likely be some changes to the traditional--and I [...]
Fierce Finance |
November 23rd, 2008 |
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So how are hedge funds faring really? Well, they're on track to post their worst annual performance figures since people started keeping score. But they've held up far better than mutual funds and the Standard & Poor's 500 index. Still, it's a tough time and many expect some massive upheaval. [...]
Portfolio |
November 23rd, 2008 |
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I'm pleased and surprised at the news that Tim Geithner will be the next Treasury secretary. Pleased because he's an insightful pragmatist who's more than qualified to do the job; surprised because I had thought that he might prefer to stay where he is, in what is essentially a tenured [...]
Portfolio |
November 23rd, 2008 |
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Me, in July 2007, on the subject of the IPO of Kingdom Holdings, Prince Alwaleed bin Talal's investment vehicle: Fancy investing in an extremely successful hedge fund without paying 2-and-20? ... Kingdom could be the next Berkshire Hathaway (maybe it already is the next Berkshire Hathaway), and I suspect that [...]
Clarium Capital's 3rd Quarter 13F is out, and below are the charts for the stocks in the filing: Click to enlarge[...]
We're listening to the House Oversight Committee testimony of the hedge fund bigs, including George Soros, Jim Simons, John Paulson, Phil Falcone and Ken Griffin. Soros just came up to bat as the first speaker. And he plugs his new[...]
Another headache for Phil Falcone's Harbinger Capital. According to Bloomberg, the hedge fund faces a possible $200 million loss on Navistar Credit Default Swaps, which Falcone described as one of the fund's "largest performance detractors" in October: Harbinger bought swap[...]
Well naturally, like everyone else, Saudi Prince Alwaleed bin Talal is taking some major stock market lumps. Here's what the charts look like: Source: Kingdom HoldingsClick to enlarge Other chart studies, from Hedge fund 13Fs[...]
Citigroup is liquidating its Corporate Special Opportunities hedge fund after it lost 53 per cent of its value last month, marking the ninth time in recent months that the bank has had to close or rescue a fund in its alternative investment unit. The collapse represents the latest setback for [...]
The TIPs say deflation is coming and may stay around for a bit: Yet, if you believe the yields on US Treasury inflation protected bonds, or Tips, we shall have a 2.2 per cent fall in prices in 2009, a 2.5 per cent decline in 2010 and only flat prices [...]
Top tier hedge fund client seeks an exceptional Research candidate.[...]
MN-Minneapolis, Minneapolis-based hedge fund looking for an operations clerk with a minimum of 2 years of fund experience or in the investment industry required. Fixed income or derivatives experience a plus. Person w[...]
The Credit Risk Management and Advisory Dept is seeking candidates to join its Risk Analytics Group (RAG). RAG is responsible for developing quantitative pricing and risk management models for credit risk and hedge fund risk.[...]
New York hedge fund seeks developer/ execution trader for European trading desk.[...]
