Tag:
Illiquid Assets
Latest Headlines
Latest Headlines
SEC targets quant funds
Back when the industry trading scandals were white hot, there was a little bit of Schadenfreude emanating from the algorithmic crowd.
These quant-oriented funds were quick to point out that they didn't need to scour for tidbits of illegal insider information to trade on. They made money via th
Fund seeks distressed assets from other funds
While the distress in the hedge fund industry seems to have crested, there will no doubt always be funds who mess up. The DE Shaw Portfolio Acquisitions Unit, which was launched in 2009, intends to help its sibling funds buy up illiquid assets that are trading at steep discounts and are ripe to be
Funky math and the Merrill Lynch deal
Here's an important piece of the puzzle as to why Bank of America ( BAC ) failed to inform its shareholders about big losses at Merrill Lynch: Executives relied on a faulty analysis by their lawyers.
Fortune reports Bank of America executives decided not to reveal to shareholders the dep
Goldman Sachs hedge fund report; Barron's article sinks Citi stock;
Company News: > Citi stock run over? Article > Barron's article sinks Citi stock. Article > Goldman Sachs hedge fund report. Article > Allen Stanford to have heart tests. Article > FBR eyes prime brokerage. Article
Industry News: > More on b
Paul Tudor Jones hit by credit crunch
Paul Tudor Jones, join the club. The famed hedge fund manager has been forced to suspend redemptions, like so many of his peers, in the face of what has been a debilitating rush to the exits. The Financial Times reports he sent investors a letter explaining that clients were seeking to redeem
