Finance Hedge Funds


  • Hedge Funds : Another Superman Falls to Earth Friday, 5 Sep 2008 | 9:50 AM ET

    Remember Superman the movie, where Lex Luther takes away the super hero’s powers with a Kryptonite necklace? Well we’re here again. Only this time it is the financial equivalent of the man of steel – the hedge fund manager that has met their own version of the power-draining substance. Barely a day passes it seems without one of these masters of the universe crashing to earth with swinging losses in their fund, or non-survivable business issues.

  • U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks.

  • Who Really Needs A Hedge Fund, Anyway? Wednesday, 20 Aug 2008 | 11:38 AM ET

    It's a fair enough question given the state of the industry. Returns are down, so are capital flows, and more funds are likely to fold than start up this year.

  • Alternative Investments Can Be Colorful and Profitable Wednesday, 20 Aug 2008 | 11:38 AM ET

    It’s hard to drum up much enthusiasm for investing these days. Yet, for the high net worth crowd with income to spare, there are some other asset classes to consider -- investments that not only hold the potential for powerful gains, but can help put the fun back in your portfolio. We're talking art, wine, horses and cars.

  • Speculation Over, Gold Going to $600: Fund Manager Tuesday, 19 Aug 2008 | 8:19 AM ET

    Losses at hedge funds are at a level where they can no longer drive market speculation and gold is facing a 'savage bear market,' according to one hedge fund manager.

  • Gold Falls Below $800 for First Time this Year Friday, 15 Aug 2008 | 6:20 AM ET

    Gold fell more than 3 percent, extending losses it posted in Asia, as a strengthening dollar and fears over weakening global growth led to a sell-off in precious metals.

  • Gold Falls Below $800 for First Time this Year Friday, 15 Aug 2008 | 7:00 AM ET

    Gold fell more than 3 percent, extending losses it posted in Asia, as a strengthening dollar and fears over weakening global growth led to a sell-off in precious metals.

  • Pickens: Oil May Hit $110, but Won't Go Below $100 Thursday, 14 Aug 2008 | 12:19 PM ET
    Boone Pickens

    Texas oil billionaire T. Boone Pickens said on Thursday crude prices may soon fall as low as $110 a barrel amid falling gasoline demand, but should not sink below $100 because the United States depends heavily on oil imports.

  • Lone Star Funds agreed to pay $6.2 billion for most of the toxic, mortgage-linked investments held by Merrill Lynch.

  • US Fraud Lawsuit Against UBS Dismissed Wednesday, 30 Jul 2008 | 4:17 AM ET

    A lawsuit against UBS alleging that the Swiss bank engaged in fraud related to holdings of a fund in loss-making company Endwave was dismissed by a New York Supreme Court judge, court documents showed.

  • Today's Top Videos: Oil Prices, Home Prices & More Tuesday, 29 Jul 2008 | 6:22 PM ET

    Oil price reaches its lowest level since mid-May and the S&P's chairman comments on the record drop in the home price index. Following are the day's top videos:

  • Cayman-Registered Hedge Funds Exceed 10,000 Monday, 28 Jul 2008 | 2:36 PM ET

    The number of hedge funds registered in the Cayman Islands exceeded 10,000 in June for the first time, another indication that the hedge fund industry continues to grow despite market turmoil, Cayman authorities said Monday.

  • CSX CEO Tells Latest on Proxy Battle Wednesday, 16 Jul 2008 | 7:09 PM ET

    Activist hedge funds just won four seats on the board. What's that mean for Michael Ward and his company?

  • Federated Investors Snaps Up Prudent Bear Funds Tuesday, 15 Jul 2008 | 9:41 AM ET

    Money manager Federated Investors said it is buying prominent fund manager David Tice's Prudent Bear Funds, which specialize in making money on falling stocks.

  • Ackman: A Plan to Save Fannie & Freddie Tuesday, 15 Jul 2008 | 10:30 AM ET

    Hedge fund manager William Ackman said Tuesday mortgage companies Fannie Mae and Freddie Mac are not as well capitalized as their executives say they are.

  • SEC Subpoenas Over 50 Hedge-Fund Advisers: WSJ Tuesday, 15 Jul 2008 | 6:36 AM ET

    The U.S. Securities and Exchange Commission (SEC) has sent subpoenas to more than 50 hedge-fund advisers as it investigates whether individuals spread false rumors to manipulate shares in two Wall Street firms, The Wall Street Journal said, citing a person familiar with the matter.

  • Alcoa Profit, Sales Top Forecasts; Shares Jump Tuesday, 8 Jul 2008 | 5:39 PM ET

    Alcoa shares hopped about 4 percent in extended trading Tuesday as the company turned in a profit and sales that were lower than last year but still managed to beat expectations.

  • Hedge Fund Swindler Tells Judge He Tried Suicide Thursday, 3 Jul 2008 | 4:27 PM ET

    Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping Thursday and was ordered to jail immediately, one day after his mother convinced him end a high-profile run from justice.

  • Judge Orders Hedge Fund Fugitive Back to New York Wednesday, 2 Jul 2008 | 5:12 PM ET
    Samuel Israel III, a hedge fund manager from New York State who faked his own suicide to avoid a 20-year prison stint leaves U.S. District Court in Springfield, Mass., after turning himself to authorities on Wednesday, July 2, 2008.

    A federal judge ordered former hedge fund manager Samuel Israel III back to New York to face new charges after he surrendered to authorities on Wednesday, ending a nationwide manhunt triggered after he faked his own death to avoid a 20-year prison sentence.

  • Update: Cops Nab Fugitive Hedge Fund Manager Wednesday, 2 Jul 2008 | 3:36 PM ET
    Sam Israel WANTED poster, Captured

    A hedge fund swindler who set off a national manhunt when he faked his suicide to avoid reporting to prison surrendered Wednesday to small-town police in Massachusetts after three weeks in which authorities suspected he was hiding out in RV parks and highway rest areas. Authorities say his own mother helped broker the surrender.

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