CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.» Read More
Morgan Stanley’s decision to spin-off the hedge fund FrontPoint Partners may have come after the Dodd-Frank financial reform bill was enacted but the process was kick-started by management changes at the top ranks of the bank, according to people familiar with the matter.
Two hedge funds that were both started by former star traders at Goldman Sachs are to merge in a deal that marks one of the biggest steps over the past year in the long-anticipated consolidation of the industry.
Morgan Stanley plans to spin off FrontPoint Partners, the Greenwich, Conn. hedge fund it bought in 2006, according to people familiar with the situation.
Expect to see highly leveraged, profitless deals as private equity looks to exit into a market that appears interested mostly in the trade, not the company.
It’s a week of dueling predictions for the Chinese economy—in a debate that pits the International Monetary Fund against one of the most successful investors in the hedge fund sector.
Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistleblowers who alert the SEC to potential fraud will for the first time be entitled to collect between 10- and- 30 percent of the money recovered by the government.
Paulson & Co, the hedge fund group famed for making billions from the collapse of the US subprime mortgage market, is to launch a new fund open to retail investors that will track its existing investment strategies. The FT reports.
Investors continued to add new capital to hedge funds in the second quarter of 2010, with net inflows totaling $9.5 billion, according to new data from Hedge Fund Research (HFR), a provider of hedge fund industry data. The data, however, shows nearly all of the new capital went to the largest firms, those with more than $5 billion under management.
This could be a "raining decade" with the market in an "extended sideways up and down period." Take the big downturn in the early 70's, the period between 1972 to 1982 "started and finished in the same place," Tanya Beder said.
This is certainly one of them, Cramer says.
Something incredibly simple can give you the edge on Wall Street vets.
Cramer lists the forces that can drive stocks in this ever more complicated market.
The managing partner of Skybridge Capital wants to 'mutualize' the hedge fund industry because of the lukewarm performance of in the industry.
The Securities and Exchange Commission has agreed to pay $755,000 to settle a wrongful termination suit filed by a former staff lawyer at the agency who was abruptly fired in 2005 during an investigation into possible insider trading by Pequot Capital Management, a giant hedge fund, and its co-founder, Arthur J. Samberg.
Slow economic growth in the US, soverign debt trouble in Europe and uncertainty about emerging markets, especially China, are affecting investors choices right now.
The new limits on proprietary trading and hedge fund investments may actually benefit big banks more than harm them—especially in the hedge funds they market to clients.
The real work now, the real test for President Obama and Treasury Secretary Geithner, is to quickly bring the rest of the world along on the only reforms that will truly protect the global financial system from crisis in the future: common standards for the appropriate quantity and quality of capital, and acceptable levels of leverage and liquidity.
Former Presidential candidate Mitt Romney may be the most recognizable Mormon, but members of his faith, which account for only 2 percent of the US population, have lots of influence in big money—both on Wall Street and throughout the business world.
Senate negotiators are expected to offer changes today to the financial reform bill that would soften the Volcker rule. On Capitol Hill there is widespread speculation that the Senate negotiators will propose language that would allow banks to invest a small amount of their capital in their internal hedge funds or proprietary trading desks.
According to Healey, "the question for medium to long term markets is not whether or not the economies around the world are troubled; it's how much the market has discounted that bad news. So where does the CEO see the source of growth coming from, going forward?
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