Ackman Stands by Citigroup; Investors Restless

Chidem Kurdas

This has not been a good year for Bill Ackman’s Pershing Square. The main fund lost

Funds, Corporate Governance and Christian Dior

Chidem Kurdas

Most funds do not bother to try to shape corporate governance; if they don’t like what’s going in a company, they just sell it. But there are exceptions.

New Legg Mason Fund

Chidem Kurdas

Baltimore-based asset management heavyweight Legg Mason, in the news a lot recently because of the retirement of its one-time star mutual fund manager Bill Miller, is quietly readying a new hedge fund product for the US market. 

What Corzine Did to MF Global

MF Global was a futures brokerage, not a hedge fund.  Yet it went bankrupt because

China vs. India Investing

Chidem Kurdas

Emerging markets  investments by diversified funds have tended to focus more on China than India. That emphasis may change,

Convergence Trend Shapes Fund Administration

Chidem Kurdas

A growing number of mutual funds offer hedge fund-type strategies.  This convergence trend

MF Global Insight from Previous Bankruptcy

The largest independent commodities brokerage went under. Money was missing. Client accounts were frozen. A bunch of hedge funds were among the unsecured creditors.  It was the fourth largest bankruptcy in US history.  That was six years ago,

Micro Strategy Against Macro Debt Crisis

Chidem Kurdas

Martin D. Sass has seen 14 major crashes during his 48 years in finance, an experience that