Billionaire hedge fund manager Paul Singer has backed out of a meeting that he was supposed to hold with a federal judge yesterday. The meeting, at Singer’s request, was likely to discuss Argentinian President Cristina Kirchner’s statement that her government was going to ignore a U.S. court ruling to pay Elliot Management and other bondholders $1.4 billion, reports Michelle Celarier for the NY Post.
Lakewood Capital was up 3.1% for the third quarter. The fund's long equity positions generated a return of 1%, while its hedged long equity positions recorded a 4% return.... Read More
At the beginning of October, in one of its "Daily Observations" newsletter, Bridgewater Associates weighed in on the state of the M&A market, asking the question, "where are we... Read More
December fund flow trends show equity funds continuing to gather assets at the expense of fixed income. David J. Chiaverni and Richard Fellinger of BMO Capital Markets observe in their... Read More
The author of this article is SHORT OMNT Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read... Read More
This is the fourth and final part of a multi-part series on Henry Singleton the legendary value investor and founder of the Teledyne empire. Parts one to three of... Read More
As Congressional approval ratings flag, a Texas congressman provides a reason as to the precipitous drop, comparing President Obama to Hitler yesterday. Rep. Randy Weber (R-TX) represents a conservative district... Read More
It’s been nearly four years since mass protest forced Egyptian dictator Hosni Mubarak’s resignation after nearly three decades in power, followed by military rule, and less than two years... Read More
Zions Bancorporation is down 3% in trading today as WTI crude falls to just $48 per barrel (Brent crude is at $51), and there are serious concerns that it... Read More
It is rather ironic that Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) CEO Antony Jenkins, ushered in to clean up Barclays in the wake of the Libor and other market rigging... Read More
Just put a small weight in the somewhat oddly named Kryptonite 1. This is a very small (£3.4m) market cap company. It invests in the blockchain ecosystem. Get Our Icahn eBook! Get... Read More
