Highflying hedge fund manager Dan Zwirn strikes deal to sell Arena Investors... [more]From NYPost.com: For fallen hedge fund honcho Dan Zwirn, the comeback trail leads to Canada. The former highflying Zwirn has struck a deal to sell his latest hedge fund, Arena Investors, to Toronto-based Westaim Corp. for $200 million, The Post has learned.
The deal is a small vote of confiden
Market U-turn rams hedge funds... [more]From WSJ.com: A broad market reversal is battering hedge funds, spoiling the industry’s strongest annual start since the financial crisis. Many funds that bet on global financial and economic trends run by firms such as Fortress Investment Group LLC and Discovery Capital Management LLC suffered loss
Citadel's Ken Griffin tops hedge fund earners with $1.3bn... [more]From NYCnews.net: According to an industry survey released on Tuesday, each of the three best paid US hedge fund managers in 2014 took home over $1 billion, eye-popping compensation. It looked lean only when compared to previous years. As per the Institutional Investors' Alpha's 14th annual rankings
HFRU Hedge Fund Composite Index up 0.50% in April (+5.11% YTD)... [more]Global financial markets posted mixed performance for April, as Chinese equities posted sharp gains on record trading volume, Oil posted strong gains and the M&A environment accelerated with new transaction announcements; global equity markets posted gains for the month, despite posting sharp declin
AIMA: Hedge funds step up financing of the economy... [more]Hedge fund firms and other alternative asset managers are playing an increasingly important role in financing the economy, according to a new paper published by the Alternative Investment Management Association (AIMA), the global hedge fund association. The paper says that private debt funds such as
People - Athene CFO departs as insurer seeks to improve reporting... [more]From Bloomberg.com: Athene Holding Ltd., the insurer tied to Apollo Global Management LLC, said Chief Financial Officer Brenda Cushing is leaving as the company works to fix its accounting.
The insurer, which has been planning for a possible public offering, has begun a search for a new CFO, A
…And Finally - Man fell off Florida bridge while changing a tire... [more]From BizarreNews.com Police in Florida said a man fell 30 feet into Tampa Bay while he was attempting to change a tire on the Sunshine Skyway Bridge. The St. Petersburg Police Department said Reginald White, 43, of Bradenton, was driving a sport-utility vehicle Sunday night with two passengers when