Discovery, Owl Creek extend losses through mid-October... [more]From Bloomberg.com: Robert Citrone’s $15 billion Discovery Capital Management LLC and Jeffrey Altman’s Owl Creek Asset Management LP extended losses in the first half of this month, amid falling stock and bond markets and a legal decision that sent Fannie Mae and Freddie Mac securities plunging. Dis
Hedge funds short Alibaba Group in droves... [more]From Valuewalk.com: The surging U.S. Dollar has benefited global macro hedge funds and managed futures commodity trading advisers (CTAs), notes UBS prime brokerage in its September hedge fund report, while the largest directional stock bets, both long and short, were found in Health Care. Equity lon
Yahoo will go up no matter what happens, says hedge fund manager John Burbank... [more]From Marketwatch.com: …Mr. Burbank thinks Yahoo is undervalued because the market price does not fully reflect the company's large equity stake in Alibaba Group Holding Ltd BABA, +3.08% According to Burbank, Yahoo will either present a good plan on how to spend over $40 billion from the sale of its
Lawmaker calls for major state pension transparency update... [more]From Dailyindependent.com: State. Rep. Jim Wayne prefiled a bill Thursday to boost the accountability and transparency of state-administered retirement systems including the chronically underfunded Kentucky Retirement Systems.
“The current model smacks of the good ol’ boy system,” said Wayne,
Manager Profile - Joel Greenblatt and Gotham becoming Wall Street darlings... [more]From Valuewalk.com: Joel Greenblatt of Gotham Asset Management has been a successful investor since the late 1980s, using strategies described in the value guru’s masterpiece, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits, but didn’t wasn’t really a publi
Legal - Rajaratnam's brother reaches insider trading deal with SEC... [more]From NDTV.com: Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the US Securities and Exchange Commission.
The settlement w
Argentina - Hedge funds expose $14bn repayment risk for Argentina... [more]From Moneynews.com: The relative calm in Argentina’s debt markets since its default in July may be shattered as the risk increases that holders of $14 billion in bonds will ask for their money back immediately, according to Bank of America Corp. After a grace period expires next week, investors in A
Europe - European funds could face Stock Connect hold up... [more]From Asiaasset.com: European funds face a potential delay in participating in the impending Shanghai-Hong Kong Stock Connect, or “through train”, due to their domestic regulators’ concerns over the compatibility of the Mainland’s custodial arrangements with those of Undertakings for Collective Inves
People - Oklahoma PERS names Joseph A. Fox as new executive director... [more]From PIonline.com: Joseph A. Fox was named executive director of the $8.5 billion Oklahoma Public Employees Retirement System, Oklahoma City, effective Nov. 1, said a news release from the pension fund.
Mr. Fox was named interim director in September, replacing Tom Spencer who was named execut
…And Finally - British firm offers zombie-proof log cabin... [more]From Orang.co.uk: A West Yorkshire firm is selling what it claims to be the world's first zombie proof log cabin.
Leeds-based Tiger Log Cabins is offering a 10 year anti-zombie guarantee with its ZFC-1, Zombie Fortification Cabin.
The structure consists of three connected buildings and i