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Six Nations game in the US would be ‘terrific’ for rugby, says IRB chief executive Brett Gosper →  October 31, 2014

Gosper, who has been hugely impressed by the impact that the arrival of the All Blacks has had in Chicago, said the success of the Test match could open doors for even higher profile matches, including the “dream” of a Six Nations match. The IRB is already investing around $3.5 million (£2.2 million) in US rugby every […]

Macau casino profits squeezed →  November 1, 2014

English Yes <!—-> Mon, Nov 03 2014 00:00:00 E A02_A2 Email Print Reprints Comment

The Case for ‘Alternative’ Investments →  November 1, 2014

Should you adopt a few hedge-fund strategies in your portfolio? At first blush the idea seems perverse. Hedge funds are on track for another mediocre year. The average such fund has underperformed a plain-vanilla 60-40 mix of stocks and bonds, as tracked by products such as the Vanguard Balanced Index Fund, in each of the […]

SF board to vote on controversial hedge funds for pension fund →  November 1, 2014

The board of the San Francisco Employees’ Retirement System is scheduled to vote Wednesday on a controversial proposal to invest $3 billion — 15 percent of its assets — in hedge funds. The system, which manages $20 billion in pension money on behalf of about 50,000 active and former city employees, has no hedge funds […]

Letters to the Editor: Readers’ choices for office →  November 1, 2014

American vote(Photo: goir, Getty Images/iStockphoto) Elect treasurer with experience Hedge funds are structured to avoid direct regulation, are not required to fully disclose their investment activities and hedge funds contributed to the global financial crisis just like banks and insurance firms, says new research published by the Federal Reserve Bank of San Francisco. It would […]

China’s October factory growth unexpectedly hits five-month low: official PMI →  November 1, 2014

BEIJING (Reuters) – China’s factory activity unexpectedly fell to a five-month low in October as firms fought slowing orders and rising costs in the cooling economy, reinforcing views that the country’s growth outlook is hazy at best. The official Purchasing Managers’ Index (PMI) eased to 50.8 in October from September’s 51.1, the National Bureau of […]

One Dead As Virgin Galactic Spaceship Crashes →  November 1, 2014

By Sky News US Team One pilot has been killed and another is seriously injured after a Virgin Galactic spacecraft crashed on a powered test flight over California’s Mojave Desert. The tragedy occurred after SpaceShipTwo fired up its rocket following a high-altitude drop from Virgin Galactic’s WhiteKnightTwo mothership. The co-pilot suffered moderate to major injuries when […]

Six Nations game in the US would be ‘terrific’ for rugby, says IRB chief executive Brett Gosper →  October 31, 2014

Gosper, who has been hugely impressed by the impact that the arrival of the All Blacks has had in Chicago, said the success of the Test match could open doors for even higher profile matches, including the “dream” of a Six Nations match. The IRB is already investing around $3.5 million (£2.2 million) in US rugby every […]

Arrowpoint Partners appoints Minyoung Sohn as portfolio manager →  October 31, 2014

Denver-based hedge fund firm Arrowpoint Partners has appointed Minyoung Sohn as portfolio manager of the Meridian Equity Income Fund. Arrowpoint manages USD7 billion in assets for high-net-worth and institutional investors, and is the investment adviser to the Meridian Funds.   Sohn is a founding partner of Arrowpoint. Previously, Sohn served as an executive vice president […]

Tetragon Financial Group Limited (TFG) Monthly Update for September 2014 →  October 31, 2014

LONDON, October 31, 2014 /PRNewswire/ – Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext Amsterdam N.V. under the ticker symbol “TFG”. In this monthly update, unless otherwise stated, we report on the consolidated business incorporating TFG and Tetragon Financial Group Master Fund Limited. [1] Net Asset Value Estimates as […]

A Hedge Fund Manager Vanished After Credit Suisse Accidentally Wired Him … →  October 31, 2014

screenshot/”The Usual Suspects” “And like that … he’s gone.” Last January, Credit Suisse wired $1.5 million to hedge fund manager Joseph B. Galbraith. One month later he disappeared off the map. According to a New York Times report, two weeks after Credit Suisse wired the money in three transactions to Galbraith, the bank realized that […]