To avoid selling Alibaba shares, executives expand their personal portfolios through a margin loan, sources tell Bloomberg.» Read More
Rep. Eric Cantor (R-Va.) told CNBC’s “Squawk Box” that proposals to boost the tax rate on carried interest are “nothing but a tax on innovation and job creation in America.” “This just goes back to Economics 101,” the GOP congressman said Wednesday. “If you raise the price of something -- the price of putting your capital at risk and provide a disincentive to risk-based investment in this country -- you’re going to have less of it.”
Private equity and hedge funds will be at the heart of three separate congressional hearings to be held Wednesday. Congress will consider raising taxes on investment income and exploring investment risk to individuals and the economy.
Bear Stearns plans to build up risk controls at its asset management business after two of its hedge funds hit rock bottom by making bad bets on risky mortgages, the Wall Street Journal reported on Monday.
Bear Stearns could be sold if losses from two hedge funds are steep, and the company's stock price continues to fall, CNBC's Charlie Gasparino reported.
Hedge fund Och-Ziff Capital Management Group filed to go public in a deal that could raise as much as $2 billion, CNBC’s David Faber reported.
Bear Stearns may take until July 16 to tally losses at two struggling hedge funds that invested in risky mortgage-related securities, the Wall Street Journal Online reported on Monday.
A Democratic presidential debate, before a predominantly African American audience at Howard University last night, took a small step toward smoking out the leading White House contenders on Wall Street's hottest political issue: raising taxes on private equity and hedge fund executives. Former Sen. John Edwards of North Carolina, who has ducked an issue that would hit his former colleagues at Fortress Investment Group, couldn't avoid showing his populist colors.
Dillard's shares soared almost 12% on Thursday after an activist hedge fund unhappy with the department store operator's performance demanded talks with management, saying the stock is undervalued.
The state of Massachusetts accused UBS of providing hedge fund traders with favors intended to win brokerage business for the investment bank, according to a report.
Bear Stearns said Wednesday its private equity arm has no exposure to the two hedge funds in trouble due to losses in subprime mortgages.
Investors following the near-collapse of two hedge funds managed by Bear Stearns Cos. might be a little bit like a homeowner watching the house down the block catch fire.
All five commissioners of the U.S. Securities and Exchange Commission are to appear Tuesday at a Congressional hearing that is expected to explore hedge fund activities, access to corporate proxy statements and so-called soft-dollar arrangements.
Asset management firm BlackRock said it agreed to acquire the fund of funds business of Quellos Group for up to $1.7 billion, in a move to expand its alternative investment operations.
Benchmark ABX subprime indexes traded at fresh new lows today amid concerns that a new wave of defaults in subprime mortgages will spur further troubles for holders of collateralized debt obligations (CDOs) and other mortgage securities.
The markets head into the final week of the first half after a week defined by turbulence but capped by a highly successful IPO. This coming week, Apple rings in its new hot phone and the Street watches the Fed.
British bank Barclays on Friday said it had some exposure to funds that have lost money from investing in sub-prime mortgage assets in the United States, but that any loss in relation to the exposure would not be material.
Bear Stearns confirmed it will bail out one of its troubled hedge funds with $3.2 billion in secured loans, but the Wall Street firm sought to convince the broader market its troubles are "relatively contained."
Activist investor Nelson Peltz has developed a taste for Kraft Foods, buying a 3% stake in the company, according to CNBC's David Faber, who quoted people familiar with Peltz's strategy. Kraft, which makes Oreo cookies and Oscar Mayer meats, saw its shares surge nearly 5% on the report.
On CNBC TV today, I have been talking about the top 5 things investors should know about the highly anticipated Blackstone IPO. (And, in case you're wondering, 5 was an arbitrary number.) Clearly, it was a very serious and informative piece of journalism. Now, let's have some fun. Here are the top 5 things investors REALLY WANT to know about Blackstone's IPO. I don't have the answers to any of them unfortunately--but it's more fun to fantasize, isn't it?
Man Group, the world's biggest listed hedge fund firm, has set the indicative price range for the flotation of its U.S. brokerage arm, MF Global, valuing the unit between $4.6 billion and $5 billion.
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A market priced for perfection will start to wilt when investors realize things aren't particularly perfect.
The date for liftoff will matter, particularly if the Fed moves in a month that's likely to be highly volatile.
Day traders took a decidedly bullish stance through leveraged ETFs last week, and that could point to more volatility.