Dec 12- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.» Read More
LONDON, Dec 11- Sterling fell to a three-week low against the euro on Wednesday on steady selling by hedge funds trimming favourable bets while waiting for more evidence of a durable recovery in the British economy.
NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.
Dec 11- British bus and rail operator FirstGroup Plc has received a letter from one of its biggest shareholders, urging the company to sell its U.S. businesses in order to pay down debt, the Financial Times reported.
WASHINGTON, Dec 10- U.S. regulators on Tuesday adopted a rule to prevent banks from behaving like hedge funds, called the Volcker rule after former Federal Reserve Chairman Paul Volcker.
Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.
Paul Twitchell, Whitebox Advisors, shares his investment strategies ahead of the Fed's pullback on quantitative easing. Twitchell explains why he see opportunities in municipal bonds and mortgage REITs.
According to a new study, new hedge funds need to raise at least $300 million in assets to pay for rising regulatory costs and to offset lower fees.
*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.
A former SAC Capital Advisors trader wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.
Dec 6- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, said it would spin off its Lands' End clothing business. The spinoff will be through a prorata distribution of Lands' End shares to shareholders, Sears said in a regulatory filing on Friday.
Dec 5- Hedge fund Hayman Capital Management LP sold all its shares in J.C. Penney but still holds the ailing retailer's debt, fund manager Kyle Bass told Bloomberg TV on Thursday.
Dec 5- Hedge fund Hayman Capital Management LP sold all its shares in J.C. Penney but still holds the ailing retailer's debt, fund manager Kyle Bass told Bloomberg TV on Thursday. Penney's shares fell as much as 10 percent to $8.65, their biggest drop since Sept. 27, on the New York Stock Exchange.
Hedge fund manager Kyle Bass said his bet on J.C. Penney went south because he wasn't able to predict that the retailer's vendors would change terms.
2013 was a year to forget for many hedge funds. What lies ahead? Look out for more advertisers, short sellers and mutual funds. CNBC's Lawrence Delevingne shares his predictions.
Dec 5- McKesson Corp said it launched a tender offer to buy outstanding shares of German peer Celesio, as the largest U.S. drugs wholesaler moves ahead to prevent hedge fund Elliott International from potentially blocking the multi-billion dollar deal.
Dec 3- A former hedge-fund analyst who argued that Dendreon Corp's therapeutic vaccine for prostate cancer may hasten the death of patients has reached a settlement with U.S. securities regulators over failure to disclose her financial interests in the company.
Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.
NEW YORK-- General Motors' shares climbed Wednesday, reaching their highest point since re-entering the public markets more than two years ago, as a hedge fund sees the automaker's stock price rising at least 40 percent over the next 12 to 18 months.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S. Treasury finishes exiting its stake in the company, Bloomberg reported on Wednesday.
All eyes are on the Fed's big announcement Tuesday. Fortunately, the taper and QE don't really matter all that much.
As we tick down to the Fed's policy statement, here's a tour through current policy with an eye to what might change.
Markets have been anticipating the Fed's direction ever since it began dropping hints about a decrease in asset purchases.