Hedge Funds
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Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.
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Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.
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Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.
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BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
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Will Duff Gordon, research director at Markit, tells CNBC that the rising tide and record bull market mean that being a short seller is 'a nightmare right now'.
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NEW YORK, May 20- The decision by U.S. prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.
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SAC Capital is under investigation for insider trading, and its founder Steve Cohen has received a subpoena to testify about his company before a grand jury, reports CNBC's Kate Kelly.
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Among the stock activity stories for Monday, May 20, from AP Business News:. _ Shares of WPX Energy Inc. soared to an all-time high as a hedge fund disclosed a minority stake in the oil and gas company.
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SAC Capital's Steve Cohen is reportedly being subpoenaed to testify before a grand jury, and JPMorgan's Jamie Dimon is facing a crucial vote on his Chairman and CEO roles, with CNBC's Kate Kelly and Kayla Tausche.
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Settlement talks between Steve Cohen's hedge fund SAC Capital and the government have broken down, according to sources.
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CNBC's Kate Kelly has the latest details on alleged insider trading at the hedge fund.
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Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.
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High fees plus poor performance: The formula is pretty easy to determine what makes a bad mutual fund. Some, though, are worse than others.
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*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
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*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
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SAC said it may not be able to provider investors with frequent updates regarding the government insider-trading probe but there will be "more clarity" soon.
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NEW YORK, May 17- Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. But SAC Capital added that going forward it may "need to keep details confidential."
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NEW YORK, May 17- Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. But SAC Capital added that going forward it may "need to keep details confidential."
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NEW YORK, May 17- Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate unconditionally with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion hedge fund did not elaborate but said it believes the next few months will be critical in the investigation.
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NEW YORK, May 17- SunTrust Banks Inc won an court order on Friday preventing a Connecticut- based hedge fund from moving forward with a $13 million arbitration over mortgage-backed securities.
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Artificial Fed moves driving investors to riskier assets, said hedge fund titan Ray Dalio, founder of Bridgewater Associates. But he also had a warning for investors in an interview with CNBC.
NetNet With John Carney
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What Warren Buffett once called "financial weapons of mass destruction" are firing again.
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Shareholders deliver a decisive endorsement of the JPMorgan CEO's dual role as Chairman and Chief Executive.
