That’s right, the Donald is backing this one. Becky, who declined to comment on the case, has an ally and friend Donald Trump — no stranger to divorce court and who has openly expressed his distaste for James Dondero. Ironically, Trump’s own ex-wife, Ivana, reportedly tried to challenge their prenup, which limited her to […]
Hedge Fund Baller James Dondero Hopes To Put Out The Flames From His Spitfire Ex Wife Becky And Friendly Donald Trump
Modeled after Brad Pitt’s Fight Club only innstead of trading punches, they traded illegal tips that allowed their portfolio managers to reap tens of millions of dollars in profit. Having pleaded guilty to insider trading, four of the men are now set to be witnesses against SAC Capital Advisors LP fund manager Michael Steinberg. Ex-SAC […]
Crooked Florida State Duo Sentenced in Connection To The $3.65 Bilion Hedge Fund Scheme By Ponzi-boy Petters
The despicable Florida-based hedge fund duo connected to the $3.65 billion Ponzi scheme of former Minnesota businessman Tom Petters, were sentenced for their role. Minnesota news outlet Star Tribune reported Bruce Prevost and his partner David Harrold were sentenced to 7.5 years and five years, respectively. Harrold received a shorter sentence due to his “cooperation and […]
A hedge fund manager Darren Read, who’s been listed inactive on the U.K. Financial Conduct Authority since October 14 will depart Moore Capital to join a newly founded hedge fund started by two of his former colleagues at UBS. Bloomberg reported that Darren Read, who co-managed a hedge fund at Moore Capital with Greg Coffey, will […]
U.S. to Put Steve Cohen’s Hedge Fund SAC Capital Out of Business Over Insider Trading Charges Billionaire Hedge fund manager Steve Cohen faces an abrupt end to his career as one of the world’s most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead […]
Hedge Fund Manager James Donero Caught in Divorce Battle. James Dondero, co-founder and president of the $18 billion asset manager Highland Capital Management, claimed in court that despite allegedly earning more than $36 million in 2010, several pending lawsuits against the firm have rendered him insolvent under the court’s accounting rules. James Dondero, who […]
Hedge fund insider-trading lawsuit against Rengan Rajaratnam has been delayed due to the ongoing federal government shutdown.
Hedge fund insider-trading lawsuit against Rengan Rajaratnam has been delayed due to the ongoing federal government shutdown. Rengan Rajaratnam, the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam.
Hedge Fund Manager Dan Loeb Urges Sotheby’s CEO to Quit. Since August, Dan Loeb’s hedge fund, Third Point, has upped its stake in the auction house to 9.29%, but since then things have been pretty quiet — strange for an activist investor known for calling CEOs out for “tooling around” on private jets and […]
Billionaire James Simons and his wife Marilyn Simons will receive the Carnegie Medal of Philanthropy next month. Other Carnegie Medal winners this year include Sheikha Moza bint Nasser, wife of the former emir of Qatar; Tom Hunter, reportedly Scotland’s first homegrown billionaire; Dmitry Zimin, co-founder of the second-largest telecom business in Russia; and British […]
On Monday, federal legislation goes into effect to allow small start-ups to ask for equity investments publicly, such as through social media sites or elsewhere on the Internet, without having to register the shares for public trading. On Monday, federal legislation goes into effect to allow small start-ups to ask for equity investments publicly, […]
List of Richest Billionaire Hedge Fund Managers in USA.
Twenty-eight members of the 2013 Forbes 400 built their fortunes through the management of hedge funds. Now making up 7% of America’s wealthiest individuals, their number decreased over the past twelve months from the 31 managers that made the list in 2012, as several legendary investors failed to keep pace with the rising tide of the world’s most exclusive club. The cost of entry to the Forbes 400 now stands at a staggering $1.3 billion, up $200 million from last year.
Global art auctioneer Sotheby’s BID +1.98% announced that its board of directors would review its capital allocation and financial policies, with results expected in early 2014.
The company hinted it may take actions that could mean bigger payouts to shareholders via share buybacks or dividends.
Richard Mick McGuire Marcato Capital Management
The announcement comes after activist hedge fund manager Richard McGuire’s Marcato Capital Management LLC boosted its stake in the company over the summer to 6.7%, according to an Aug. 29 filing, making it the second-largest shareholder in Sotheby’s.
Verizon Seals $130 Billion Deal to Buy Out Vodafone’s Wireless Stake. Verizon Communications agreed on Monday to spend $130 billion to take full control of its enormous wireless unit because it said it believed that the American desire for cellphones and broadband services was not yet nearly sated. Verizon has agreed to pay $58.9 […]
Argentina has been locked in a long-running battle with a group of hedge funds led by Elliott Management and Aurelius Capital Management which are suing for full repayment of their defaulted bonds. Group of hedge funds secured a significant victory in a federal appeals court on Friday in a case that is likely to […]
Millennium Management LLC funding the 2 top execs, Feng Guo and Michael Robinson preparing to start a $1.4 billion hedge fund in Asia, sources say 1.2billion will likely come from the Hedge Fund giant The launch will break the record set by former Goldman Sachs (GS.N) trader Morgan Sze, who started Azentus Capital in 2011 with $1 […]
SEC Charges Brian Williamson Former Oppenheimer Fund PM with Misleading Investors.
Brian Willamson, hedge fund manager is being targeted by regulators for misleading clients. The SEC has charged a former portfolio manager at Oppenheimer & Co. with misleading investors about the valuation and performance of a fund consisting of other private equity funds.
John Goodman, awaits the retrial of his drunken driving manslaughter conviction, but the billionaire Houston native will get to leave his Palm Beach mansion to visit his ailing mother, a Florida judge decided. At an emergency hearing last week, Palm Beach County Circuit Judge Jeffrey Colbath agreed to allow Goodman to travel to Houston to visit his […]
Hedge Fund Manager Among the Victims of 740 Park Ave Jewlery Heist 740 Park Ave jewelry thefts at “the world’s richest apartment building” — whose victims include also hedge fund managers. “It has to be someone from the inside, a building worker or a housekeeper. It’s a very secure building. No one is going […]
Federal agents arrested six individuals in the U.S. accused of participating in a scheme to inflate the values of at least a dozen worthless stocks and market them to investors, BrooklynU.S. Attorney Loretta E. Lynch said today. A seventh defendant was arrested in Canada, she said. Seven people accused of taking part in a $140 […]
Blackstone Group LP, one of the world’s biggest hedge fund investors, said on Monday Fidelity Investments is a strategic partner in giving retail investors a taste of the normally exclusive world of hedge fund investing. Boston-based Fidelity’s Portfolio Advisory Service (PAS), a managed account offering, has begun investing in the Blackstone Alternative Multi-Manager Fund. […]
Glenn Shapiro and Anil Stevens rejoined SAC to run Parameter in 2010 after both spending time trading stocks for Chicago-based hedge fund Balyasny Asset Management. Both had worked for SAC for a number of years prior to joining Balyasny. An affiliated fund of Steven A. Cohen’s SAC Capital Advisors shut down last week as the $14 […]
Russian Mob Run Illegal Billionaire NYC Poker Ring Connected to Queens Murder Suicide.
Russian mob run poker ring connected to billionaire hedge fund manager Marc Lasry to has links to a murder suicide that took place last year in Queens. Gary Zalevsky pulled out a Beretta .380-caliber handgun and shot Brian Weiss near JFK airport.
After a recent column about manager Bill Miller and his recent hot streak with Legg Mason Opportunity Fund LMOPX +0.21% , Stanton wondered whether the problem with expecting money managers to beat a stock market index is that we expect them to do it always and forever. Rich Stanton from Richmond, Va., wants to […]
Goldman Sachs Trader Fabrice Tourre Found Guilty in $1 Billion Fraud Case. The jury found Goldman Sachs banker Fabrice Tourre liable for his role in a mortgage deal that lost some investors $1 billion during the subprime crisis. Fabrice Tourre, 34, was just one of a team of Goldman employees that worked on a […]
Billionaire George Soros Has Taken Large Long Position in Herbalife. Billionaire legendary hedge fund manager George Soros has taken a large long position in the stock of nutritional supplement company Herbalife Ltd, a source familiar with the matter said on Wednesday. The stock of Herbalife rose as high as $66.25 – its highest price […]
SAC Insider Trading – Ex SAC Capital Hedge Fund Employee Richard Lee Tipster Sandeep Aggarwal Arrested.
Sandeep Aggarwal, former Collins Stewart internet research analyst arrested for passing non-public information to Steve Cohen’s hedge fund SAC Capital Advisors LP convicted fund manager Richard Lee.
Hedge Fund Third Point founder Dan Loeb revealed fund’s position in CF Industries and GF shares jumped nearly 12% Hedge fund Third Point said in a letter to investors that CF Industries, one of the world’s largest agricultural and industrial fertilizer producers, should significantly increase its dividend. Third Point said it took a position […]
Voting Rule Change Is Viewed as Crucial to Dell Founder’s Takeover Bid. Last week, Michael Dell and his partner, the investment firm Silver Lake, sought to change the rules for a shareholder vote on their bid for the company. In exchange for a small increase in price — about 10 cents a share, to […]