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Dow Jones
Latest Headlines
Latest Headlines
Hedge funds still holding up better than stocks
Many hedge funds have taken their lumps recently. August was a terrible month. By one measure, the Hennessee Hedge Fund Index, funds on average declined 3.36 percent in August and are down 1.80 percent year to date on a net basis. The S&P 500, meanwhile, fell 5.68 percent in August and is down
Partial settlement coming on foreclosure fiasco
Any hope for a quick settlement to the foreclosure fiasco dissipated months ago, when it became clear that federal and states officials on one hand and lenders and servicers on the other hand were nowhere near a deal. The fragmentation on the regulatory side has gotten so bad that now there's talk
Hedge fund bets on Twitter-based algo
Algorithms that depend on machine readable news techniques have caused a minor splash in the trading world. A lot of these products scour the Internet for news articles and extract keywords that are
Exchange mergers highlight the role of technology
One driving force behind the merger mania we're seeing in the exchange business is the need for a business model that can unlock the benefits of technological might. In many ways, the NYSE has become
Ruling on stock report distribution to affect big info companies?
Theflyonthewall.com had carved out an interesting niche for itself offering a service that publishes Wall Street research as soon as it is released, often before the research has made its way to
Blackstone cuts Asia fund
The Blackstone Group originally hoped to raise $1 billion for an Asia-focused buyout fund. Dow Jones now reports the fund will launch next year with around $200 million. This certainly reflects the times. You have to wonder if institutions are rethinking their alternative allocations. Brief
Morgan Stanley fund manager drops NYT fight
A Morgan Stanley fund manager has ended a widely publicized campaign to force the New York Times company to give up its dual-class stock structure that guarantees the Sulzberger family iron-clad control of the voting stock. Recall that Hassan Elmasry of Morgan Stanley Investment Management ha
Are smarter algorithms in the works?
The quants took it on the chin in the credit rout, revealing a lack of differentiation that some think will abate. More firms are tweaking their algorithms, and the hope is that they will end up being less correlated and thus less susceptible to mass selling. According to Financial News Online,
Dow Jones, News Corp. deal struck
There's been a good deal of speculation recently about whether Dow Jones and News Corp. had inked a deal. One insider said a deal was struck, but others disavowed the notion. My guess is that the Rupert Murdoch-friendly participants leaked the news of a deal, while others desperately searched
Update on the Dow Jones-Murdoch situation
Does News Corp. have a deal to buy Dow Jones? Well, maybe. The Business, a U.K. publication, has posted an article on its website saying that a deal has been agreed to and that a formal announcement is expected next week. But not so fast. Dow Jones has disavowed the story. And there is s
