Hedge Funds are betting another run of yen weakness, a trade that made money earlier this year for billionaire George Soros,
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 hedge fund titan George Soros 83, will marry 42-year-old Tamiko Bolton today, followed by a huge party at his Caramoor Estate in Bedford, with 500 guests.
George Soros, hedge fund titan with net worth of $20 Billion and Tamiko Bolton plan to exchange vows in a small ceremony on Saturday morning at the Bedford, New York estate
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.
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 […]
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 […]
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.
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 […]
Paulson & Co Former Executive Paolo Pellegrini Testifies About Hedge Fund’s Bet Against Subprime Mortgages. In testimony Wednesday, Paolo Pellegrini, the former hedge fund Paulson & Co managing director, said he made clear to ACA Capital Holdings Inc that Paulson wanted to bet against the deal. Former Goldman Sachs bond trader Tourre has been […]
SEC Lifts 80 Year Old Ban for Hedge Fund to Advertise. Hedge funds and other companies seeking private investments will be allowed to advertise publicly for funding under a rule approved on Wednesday by the U.S. Securities and Exchange Commission. The rule, which passed by a 4-1 vote, is the first one mandated by […]
Hedge Fund Rivals Try to Feast on SAC Redemptions. (Reuters) – A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen’s SAC Capital Advisors is expected to return to investors by year-end. Large hedge fund firms structured like SAC, where Cohen allocates capital to […]
Hedge Fund Guy Christopher O’Neill Marries Swedish Princess Madeline he youngest of Carl XVI Gustaf and Queen Silvia’s three children. Princess said said yes to New York hedge fund guy Christopher O’Neill in a lavish and emotional wedding ceremony in Stockholm on Saturday. Swedish Princess Madeleine fell in love in the Big Apple. The new […]
Hedge Funds Effected By SAC Redemptions Boris Onefater, who runs hedge fund due diligence and advisory firm Constellation Investment Consulting, said some managers use sub-advisers to bolster areas of trading where a firm is either weak or looking to supplement. He said it is too soon to predict what SAC Capital will do, noting […]