Exclusive: Low Interest Forces Cancellation Of SALT Asia, One Of The Hedge Fund Industry's Biggest Conferences
Several sources familiar with the situation said the Asian counterpart of Anthony Scaramucci's Skybridge Alternatives conference, dubbed "the Super Bowl of hedge fund conferences," has been scrapped due to low interest and a scheduling snafu.
Darden Sees Profit Drop 35% After Red Lobster Sale Announcement
The parent company of Olive Garden and Red Lobster missed analyst earnings estimates for the fourth quarter. Executives, who are facing shareholder opposition to the $2.1 billion sale of Red Lobster, called fiscal 2014 "a year of transformation."
It's Not The Stock Market That Young People Don't Trust, It's The Advisers
"Millennials" are remarkably conservative investors, if they invest at all, in part because of their lack of faith in financial advisers. But a new breed of software-based advisers like Wealthfront and Betterment is banking on them still trusting the market.
"Uber For Investing" Startup Wealthfront Now Has $1 Billion In Assets
The leading automated financial advisory startup has rocketed up from $700 million in assets in February to cross the billion-dollar mark less than four months later, as its young demographic has continued to invest using the algorithm-based technology.
Here's How Hedge Fund Managers Make All That Money
A new report out today from Citi details findings that show hedge fund assets will swell to nearly $6 trillion in the next four years, doubling the size of the industry. At fees of 2% of assets and 20% of profits, members of the at-times controversial industry stand to make a lot of money.
Movie Theater Chain AMC Entertainment Hot Among Hedge Funds As Summer Movie Season Heats Up
The newly public AMC Entertainment was the favorite stock of hedge funds in the first quarter, and analysts say the company is on a tear, buoyed by projections of a better-than-expected summer blockbuster season.
Employees Often End Up The Losers In Activist Investing Campaigns
Experts say that while activist investing campaigns can be great for shareholders, they often result in job losses, stagnating wages, and increased hours for employees. One such example can be seen in the impending integration of Jos. A. Bank into Men's Wearhouse, a merger that resulted from a fiercely contested activist investing campaign.
Sotheby's Stock Plummets As Dan Loeb's Third Point Pushes Back For More Board Seats
Dan Loeb's Third Point Partners is demanding Sotheby's open up all three board seats the $14 billion hedge fund is seeking. At this point, Sotheby's is only offering one seat for Loeb, and the stock has fallen more than $3 per share in just over 24 hours.
Hedge Funds Not Convinced Green Mountain Coffee's Strong Performance Is Real
The K-Cup giant Green Mountain Coffee Roasters relinquished its monopoly over the single-serve coffee industry a year ago, but its stock has performed well ever since. Big name hedge fund managers, however, say a downfall is imminent.