Is it the End of Days for hedge funds? Hedge fund managers think so... [more]From Salon.com: Hedge fund management may be a dying industry, at least if the managers themselves are to be believed. “It’s miserable, miserable,” bemoaned 57-year-old manager Howard Fischer to Bloomberg about the returns posted by his company, $1.1 billion Basso Capital Management, over the past t
Hedge fund employees expect drop in bonuses, survey finds... [more]From PIOnline.com: The average total compensation for all hedge fund investment personnel is expected to drop 8.7% to $522,000 compared to 2015, the results of an online survey of more than 500 hedge fund investment managers conducted in September by Odyssey Search Partners showed. Bonuses, on avera
Commodities - Rising rig count, continuing crude glut weighs on price... [more]From 247Wallst.com: In the week ended October 21, the number of rigs drilling for oil in the United States totaled 443, up by 11 compared with the prior week, but down from a total of 594 a year ago. Including 108 other rigs drilling for natural gas and tow rigs listed as “miscellaneous,” there are
Nationwide Fund Advisors reduced position in iStar Financial... [more]From Dailyquint.com:…A number of other hedge funds and other institutional investors have also recently made changes to their positions in STAR. Real Estate Management Services LLC raised its stake in shares of iStar Financial by 16.9% in the second quarter. Real Estate Management Services LLC now o
Activist News - GE calls Singer’s bluff in showdown over 3D printing firm... [more]From Themalaymailonline.com: General Electric Co refused to raise its price for 3D printer company SLM Solutions Group AG after hedge fund Elliott Management Corp said it would reject the tender offer, setting up a showdown between the industrial giant and billionaire Paul Singer.
…And Finally - Here's another reason why smart people avoid 'eating contests'... [more]From BizarreNews.com: A team of San Francisco-area doctors detailed the case of a 47-year-old man whose attempt at eating ghost peppers caused a rupture in his esophagus. The Journal of Emergency Medicine case report, authored by Dr. Craig Smollin and his team, said the man was participating in an e