Judge OKs SAC’s $1.8B settlement of feds’ insider trading probe
A Manhattan federal court judge on Thursday approved the $1.8 billion settlement of years long federal probe into insider trading at Steve Cohen’s SAC Capital Advisors. SAC, a former giant in the...
View ArticleMutual Fund Leaderboard: Who’s on Top in 2014?
As 2014 started, U.S. markets were at peak values. Then came a disappointing January and a sharp recovery in February and March. To see how mutual fund managers navigated such turbulence, Bloomberg...
View ArticleCitadel Fund Said to Quadruple With High-Frequency Trades
High-frequency trading has been good to billionaire Ken Griffin. His Citadel LLC returned more than 300 percent in a fund started as a high-frequency strategy in late 2007, according to two people...
View ArticleBest And Worst Performing Hedge Funds Of 2014: The Full List
We have already reported that when it comes to hedge fund performance, the last couple of weeks have been a slaughter, especially for the high-beta, biotech, social-networking, Russia and Japan...
View ArticleCohen Gets to Trade for 90 Days Before Paying SAC Penalty
Even when he loses, the billionaire investor Steven A. Cohen manages to find a way to win. Overlooked in the judge’s approval last week of the guilty plea entered by Mr. Cohen’s hedge fund, SAC...
View Article2 Hedge Fund Titans Agree to Buy the Milwaukee Bucks
Two Wall Street bigwigs, Marc Lasry and Wesley Edens, have a taste for distressed assets. So the Milwaukee Bucks, the basketball team that currently holds the worst record in the N.B.A., is right up...
View ArticleThe Hedge-Fund Manager Dilemma
I have been fascinated with hedge funds for quite some time. I began studying them in the last decade. It has been an intriguing field of investigation for a number of reasons: No. 1. Alpha...
View ArticleRBS’s $11m ‘golden hello’ sales super-star Polverino launches own hedge fund
Antonio Polverino, the big-name banker who allegedly received a £7m ($11m) guaranteed bonus for joining Royal Bank of Scotland shortly after it had been bailed out by the UK government, is launching...
View ArticleHedge Funds Are Having Their Most Miserable Start To The Year Since 2008
Hedge funds are having their worst start to the year since 2008, gaining only 1.23% year-to-date, says a new report by research firm Preqin. You’ll recall 2008. It was when Wall Street thought the...
View ArticleAppeal Judges Hint at Doubts in Insider Case
Preet Bharara’s perfect record, 80 insider trading convictions without a single defeat, is in jeopardy. The United States Court of Appeals in Manhattan on Tuesday picked apart the government’s case...
View ArticleU.S. prosecutors to refund hedge fund insider trading settlement
U.S. prosecutors have agreed to a rare settlement refund of $6 million to hedge fund Diamondback Capital Management LLC after a ruling by a 2014 federal appeals court made pursuing insider trading...
View ArticleBillionaire hedge fund manager Steve Cohen tore down $62 million mansion
Sick of your multimillion-dollar home? You could tear it down, as billionaire hedge fund manager Steve Cohen did, according to the New York Post. The newspaper reported Sunday that the founder of...
View ArticleA hedge fund manager gave some blunt advice to a bunch of 9th grade boys
Hedge fund manager Whitney Tilson, the founder of Kase Capital, gave some sage life advice to nearly a hundred graduating 9th grade boys during a commencement speech on Friday. Speaking at his alma...
View Article2004 Flashback: Elizabeth Warren Describes Hillary Clinton As A Puppet For...
Hillary Clinton doesn’t want to release transcripts from speeches that she gave to firms on Wall Street, however everyone (at least readers of this site) knows the reason, so they aren’t necessarily...
View ArticleU.S. prosecutors to refund hedge fund insider trading settlement
U.S. prosecutors have agreed to a rare settlement refund of $6 million to hedge fund Diamondback Capital Management LLC after a ruling by a 2014 federal appeals court made pursuing insider trading...
View ArticleBillionaire hedge fund manager Steve Cohen tore down $62 million mansion
Sick of your multimillion-dollar home? You could tear it down, as billionaire hedge fund manager Steve Cohen did, according to the New York Post. The newspaper reported Sunday that the founder of...
View ArticleA hedge fund manager gave some blunt advice to a bunch of 9th grade boys
Hedge fund manager Whitney Tilson, the founder of Kase Capital, gave some sage life advice to nearly a hundred graduating 9th grade boys during a commencement speech on Friday. Speaking at his alma...
View Article2004 Flashback: Elizabeth Warren Describes Hillary Clinton As A Puppet For...
Hillary Clinton doesn’t want to release transcripts from speeches that she gave to firms on Wall Street, however everyone (at least readers of this site) knows the reason, so they aren’t necessarily...
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