04/26/2016

Why Hedge Funds May Not Get a Windfall from Puerto Rico

In theory, hedge funds can pursue a lucrative strategy of buying impaired bonds from less knowledgeable investors at deeply discounted prices and then taking aggressive legal action to collect all, or almost all, of the promised principal and interest.

04/26/2016

$5B Hedge Fund Aurora to Liquidate

The announcement follows the termination of an acquisition deal which would have seen Northern Trust’s 50 South Capital Advisors take ownership of Aurora.

04/25/2016

Goldilocks levels for US home inventories

This sustained improvement mirrors the state of the US labour market. Participation rates, which measure the active portion of the economy, edged up to 63.0% in March, according to US Bureau of Labor Statistics data.