LATEST ARTICLES

4 biotechs that could be the next takeout targets after AbbVie’s $63 billion acquisition of Allergan
The US drugmaker AbbVie just announced a megadeal to buy the pharmaceutical company Allergan for about $63 billion. It's only the latest in a string of active healthcare deals this year, with Bristol-Myers Squibb's $74 billion proposed acquisition of Celgene and Eli Lilly's $8 billion agreement to buy the biotech Loxo Oncology in January. With…
The Philly Oil Refinery That Blew Up Last Week Is Closing
The operator of the East Coast’s biggest oil refinery announced Tuesday that they’re shuttering the 150-year-old Philly plant after an explosion Friday that rattled residents as far away as Delaware. But there were plenty of problems before Friday. The Philadelphia Energy Solutions plant had been struggling financially for years, and had failed to make necessary…
‘Wizard of Oz’ Greg Coffey’s new fund is up up nearly 7% so far this year as he stages a comeback
The hedge-fund world's "Wizard of Oz" has gotten off to a promising start in 2019 despite a tough environment for macro managers. Greg Coffey — the former star trader at GLG Partners and Louis Bacon's co-chief information officer at Moore Capital — saw his new fund, Kirkoswald Capital, return 6.9% year to date through the…
Democrats Are Getting Destroyed in the Immigration Debate on Twitter
The photo of a father and daughter’s bodies laying face down in the Rio Grande River reignited outrage among Democrats over the Trump administration’s policies at the border. But you wouldn’t know it from the conversation on Twitter. There, the top Democrats running for president have failed to resonate on the immigration issue, allowing President…
Hedge funds’ secret sauce is obscure data like satellite images. Here’s how the people in charge of spending millions on this data find the stuff worth buying.
Roberto Jedreicich gets to the point. The decision-maker on all things alternative data at Credit Suisse's internal $650 million quant fund, QT, is flooded with pitches and meeting requests from new data vendors on the average day. But last week, at BattleFin's Discovery Day in the opulent Plaza hotel in New York, it was more…