The CT Mirror– AQR Capital Management of Greenwich not only oversees one of the world’s largest hedge funds, but it is known as an industry leader in using computers and algorithmic models to plot trades. The administration of Gov. Dannel P. Malloy sees AQR as a good investment for the state, even if it acknowledges state aid for a hedge fund manager never will be good politics.
Finance
UConn Called Key to Stamford’s Business Future
News times – The University of Connecticut maintains its headquarters upstate, but its brand is quickly growing in the state’s southwestern corner.
The launch last week of a Stamford conference for businesswomen shows that university officials are intent on expanding UConn’s presence in the city through more programming and closer ties with the local business community.
Sikorsky Deal Requires Approval from General Assembly, Union
PROMESA and Puerto Rico’s Pathways to Solvency
Harvard Law School Forum on Corporate Governance and Financial Regulation – Facing a self-declared “death spiral” of public debt, the Governor of Puerto Rico announced a debt moratorium earlier this year, halting payments to bondholders. A series of missed payments followed, including a landmark default on constitutionally guaranteed bonds in July. At the same time, Congress passed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA or “promise” in Spanish), which combines a debt restructuring system with federal controls over the island’s finances. But enacting PROMESA is only a first step. Coordination and engagement with creditors is the next step—and an even more complicated one—in Puerto Rico’s long journey towards solvency and fiscal stability.
NLDIMSR Hosts Seminar on ‘Risk Management’
HTCampus – The Finance Forum of N. L. Dalmia Institute of Management Studies and Research organized a seminar on “Risk Management” on August 10, 2016.
The seminar was delivered by Dr. Chinmoy Ghosh, Head of the Department of Finance at School of Business, University of Connecticut, USA.
On Earnings Calls, Retail Execs Underplay How Well The Company Is Performing
Do CEOs lie? Perhaps, but not how you think
Citizens Names Hazzard as Head of Structured Finance
Brexit casts uncertainty over CT exporters
Hartford Business Journal – Connecticut’s seventh largest trade partner is in a state of economic and political flux casting a sense of uncertainty over in-state exporters to the United Kingdom.
New Study Claims Corporate Executives Intentionally Mislead Investors for Personal Gain
Bloomberg – It won’t surprise any market-watcher to learn that in the run-up to earnings season, companies tend to lower the bar for top and bottom line performance, thereby giving themselves better odds of exceeding analysts’ expectations.
However, a new working paper suggests that the sins of omission that occur during the corporate “cheating” season, as it was dubbed by Societe Generale Global Head of Quantitative Strategy Andrew Lapthorne, are far more insidious.