Latest Business News

Judge Approves Nearly $600 Million More For Madoff Victims

Judge Approves Nearly $600 Million More For Madoff Victims

On Wednesday, a New York bankruptcy judge approved nearly $600 million worth of additional settlements to benefit victims of Bernard Madoff’s massive Ponzi scheme. Irving Picard, the trustee in charge of recovering assets, has to date collected or reached deals […]

Brevan Howard To Open Argentina-Focused Fund

Brevan Howard To Open Argentina-Focused Fund

Brevan Howard Asset Management, a global alternative asset manager based in Jersey is planning to open an Argentina-focused fund amid increasing speculations that the Latin American country will overcome default. Alan Howard is the co-founder and manager of Brevan Howard […]

IVA Funds: Letter from the Portfolio Managers

IVA Funds: Letter from the Portfolio Managers

IVA Funds’ letter from the portfolio managers from the annual report. Dear Shareholder, Over the period under review, October 1, 2013 to September 30, 2014, your IVA Funds continued to deliver good absolute returns (8.00% for the IVA Worldwide Fund […]

Source: Bloomberg

Hedge Funds Get Boost From Healthcare In 2014

The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotechnology Index has returned 18.35% so far this […]

Will Current M&A Activity Benefit Small-Caps?

Will Current M&A Activity Benefit Small-Caps?

Will Current M&A Activity Benefit Small-Caps? by Royce Funds With M&A total deal volumes running at their highest pace since 2007, what has spurred increased activity? Portfolio Manager Lauren Romeo and Director of Consultant Relations & Client Service Jeff Smith […]

SEC Explores Re-visiting “Accredited Investor” Definition

SEC Explores Re-visiting “Accredited Investor” Definition

The Securities and Exchange Commission (SEC)’s Investor Advisory Committee has recommended changes to the definition of accredited investor that consider other ways of measuring financial sophistication. In a public statement released Wednesday, the SEC indicated that time is ripe for […]