Hedge Crunch FinancialQuote of the Day
Grover Norquist Pledge: Preventing Solution to Budget Crisis?
Grover Norquist has been the head of Americans for Tax Reform since 1986. By the end of 2011 238 out of 242 Republican representatives in the House and 41 out of 47 Senate Republicans signed what is known as the Norquist Pledge. Today over 270 congressman have signed the pledge, which obligates (non-legally) those who […]
Paul Tudor Jones on Risk Taking and Hedge Fund Management
Paul Tudor Jones, founder and manager of Tudor Investment Corp., is one of the world’s leading global macro fund managers. A few years ago, he revealed his approach to risk taking, and offered advice to other hedge fund tycoons and investors as well: “I’d say that my investment philosophy is that I don’t take a […]
Dymon Asia Capital Hires Former Goldman Executive David Chan
In a move to boost its interest-rate trading, Dymon Asia Capital has hired former Goldman Sachs executive David Chan as CEO. Chan will also be a partner at the leading Singapore-based hedge fund. Chan, the former head of macro trading at Goldman, will shift focus to managing Dymon’s investment team, according to founder Danny Yong. […]
SS&C Buys Globe Op For $890 Million
SS&C Technologies just got a whole lot bigger as it acquired the hedge fund risk-reporting mega-company GlobeOp Financial Services SA. SS&C paid a whopping $890 million for the company, the largest acquisition by value made by SS&C in its history. Together the companies boast 3,600 employees working in 43 offices around the world in such […]
Paul Sinclair Liquidates Equities in Face of Euro Crises
The New York Observer recently discussed the Eurozone crisis’s impact on Paul Sinclair and his hedge fund. “Expo Capital Management founder Paul Sinclair is returning $458 million managed by his Los Angeles-based hedge fund, telling Bloomberg that the turmoil surrounding the European sovereign debt crisis has left him ‘physically and mentally exhausted,’” the paper wrote. […]
Future for Nokia Looking Dim
The layoffs from Nokia recently appear to be a finger in the hole of a sinking ship. John Strand, founder of the Danish industry consultancy Strand Consult said about Nokia’s chief executive Stephen Elop, “Elop is cutting costs and hoping for a miracle, but it looks like Nokia is staying on death row.” The […]
Quote of the Day: Mark Stein and the Credit Crisis of 2008
According to Professor Mark Stein of the School of Management at the University of Leicester, western society has been acting neurotically for the past twenty years. In his paper “A culture of mania: a psychoanalytic view of the incubation of the 2008 credit crisis” Stein argues that “broader cultural changes” let to the credit crisis […]
Carlos Kirjner on Yahoo’s Deal with Alibaba
Bernstein Research recently upped Yahoo’s stock from market perform to outperform, boosting the internet company’s shares. He explained that the core business is ‘almost free.’ Yahoo! has experienced some major changes recently, including the departure of CEO Scott Thompson, a restructuring of the board, and the huge decision to sell half of its 42% back […]
George Kellner on Developments at Kellner Capital
George Kellner, Founder and CEO of Kellner DiLeo & Company, or ‘The Firm,’ recently announced a new event-driven investment fund. He also renamed the hedge fund Kellner Capital. He explained: “The Firm has experienced exciting changes and we thought it appropriate to rebrand the organization. We believe our investment process, which combines rigorous fundamental research […]