Hedge Funds

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Getting Started In The Glamorous World Of Hedge Funds!

Source: Business Balla | Dec 21 2013, 1:08pm CST | by Forbes

Getting Started In The Glamorous World Of Hedge Funds!
A surprisingly wide cross-section of individuals and organisations establish and manage hedge funds, private equity...
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DealBook: S.&P. Says Argentina Has Defaulted

Jul 30 2014 4:33pm CDT | Source: NewYorkTimes-Business Day

After more than five hours of mediated talks between the government and the hedge funds on Wednesday, neither side appeared clo ...
Full article at: NewYorkTimes-Business Day


The Wall Street Journal: Argentine banks to pitch deal to hedge funds as default looms

Jul 30 2014 3:05pm CDT | Source: MarketWatch

Argentina Bank Association president backs a proposal that would temporarily satisfy hedge fund demands. ...
Full article at: MarketWatch


Latest stories

OPEC daily basket price closes tad higher
Vienna, July 30 (IANS) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.44 a barrel Tuesday, against $105.22 last Thursday, according to the OPEC Secretariat. | by IANS
Moscow calls US sanctions 'illegitimate'
Moscow, July 30 (IANS) The economic sanctions imposed by the United States are a revenge on Russia, the country's foreign ministry said Wednesday. | by IANS
EU boosts funding to fight Ebola epidemic
Brussels, July 30 (IANS) The European Union Wednesday allocated an additional 2 million euros ($2.68 million) in aid to tackle the Ebola epidemic in West Africa. | by IANS

DealBook: Q. & A.: Exploring What’s Behind the Battle Over Argentina’s Debt

Jul 30 2014 12:03pm CDT | Source: NewYorkTimes-Business Day

Argentina has spent years battling a group of hedge funds that want full payment on bonds that defaulted in 2001. Some answers to questions a ...
Full article at: NewYorkTimes-Business Day


Final Round For Argentina Vs. Billionaire Paul Singer's Elliott As Default Is Hours Away

Jul 30 2014 11:45am CDT | Source: Forbes Real Time

The decade-long battle between Argentina and holdout hedge funds, dubbed vultures, led by Paul Singer's Elliott Management has reached its final round as both par ...
Full article at: Forbes Real Time


Seeking to prevent default, Argentina officials meet in NYC to negotiate as deadline nears

Jul 30 2014 11:21am CDT | Source: Canadian Business Online

NEW YORK, N.Y. – Argentina’s economy minister has resumed efforts to solve the South American nation’s financial crisis without a default. Minister Axel Kicillof (KIHS’-ih-lahf) arrived late Wednesday morning at a New York City office building. He had his first face-to-face meetings Tuesday evening with lawyers for U.S. hedge funds. A court-appointed mediator described the meetings as “a frank exchange of views and concerns” but also said divisive iss ...
Full article at: Canadian Business Online


Paul Singer Doesn't Understand Why We're So Obsessed With His Little Argentina Investment

Jul 30 2014 11:21am CDT | Source: Business Insider

t's just a little money. In his Q2 2014 investor letter, Elliott Management founder Paul Singer expressed his annoyance at the media's obsession with his decade-long public slug fest with Argentina over $1.3 billion of sovereign debt. "Elliott does not seek such publicity," Singer wrote. "Obviously, our lives would be easier if the press cared less about this particular position and/or similar positions that attract attention. The Economist ran a piece rebutting the ...
Full article at: Business Insider


Steven Cohen's Still Got It

Jul 30 2014 9:43am CDT | Source: Business Insider

The SEC can't keep Steven A. Cohen down. Despite insider trading charges, a $1.2 billion penalty, and the closing of SAC Capital, Cohen's new fund is up 9% this year, Bloomberg reported.  Compared to Cohen's Point72 Asset Management, other hedge funds averaged a 2.5% return this year through June. Point72 manages about $9-10 billion of Cohen's personal wealth, and has seen a profit of about $1 billion this ye ...
Full article at: Business Insider


Forex Market Subdued Ahead of FOMC, GDP

Jul 30 2014 5:23am CDT | Source: Forex News

Investors appear to be positioning themselves conservatively ahead of the first reading of second-quarter U.S. gross domestic product data tomorrow. It’s no surprise that there is very little movement in the major currency pairs before such a major economic release. Everyone seems comfortable in keeping his or her powder dry ahead of three days of heavy events and data risks that also includes the two-d ...
Full article at: Forex News


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