Hedge Funds


  • Hedge funds love…Carl Icahn and Bill Ackman? Monday, 18 Aug 2014 | 1:48 PM ET
    Bill Ackman and Carl Icahn

    Investment managers love bets made by both billionaire activists, according to a new analysis of top hedge fund stock positions.

  • BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset Management, Point72 said on Monday.

  • BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down and left successor organization Point72 Asset Management, it said on Monday.

  • Cohen deputy stepping down at Point72     Monday, 18 Aug 2014 | 9:11 AM ET

    Tom Conheeney is stepping down today as Point72 Asset Management president. CNBC's Kate Kelly reports Conheeney will stay on as an advisor until the end of the year.

  • Steve Cohen is losing his top lieutenant Monday, 18 Aug 2014 | 9:09 AM ET
    Steven A. Cohen

    Tom Conheeney, the longtime president of SAC Capital, is stepping down from the No. 2 spot at the former hedge fund's successor company, Point72.

  • *Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.

  • Next fight for hedge funds     Friday, 15 Aug 2014 | 1:07 PM ET

    CNBC's Kate Kelly explains why Puerto Rico is the next big battleground for hedge funds.

  • How David Tepper played 'nervous time' market Friday, 15 Aug 2014 | 12:16 PM ET
    David Tepper, founder of Appaloosa Management

    Tepper, who made an eye-popping $3.5 billion in 2013, shed multiple positions in the second quarter.

  • George Soros bearish on S&P 500     Friday, 15 Aug 2014 | 10:34 AM ET

    CNBC's Kate Kelly reports on George Soros' huge bearish position on the S&P 500, suggesting he thinks the market may be in for a drop.

  • BOSTON, Aug 14- Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarter.

  • Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.

  • Pershing Square sues US over Fannie Mae, Freddie Mac Thursday, 14 Aug 2014 | 7:30 PM ET
    William 'Bill' Ackman, founder and chief executive officer of Pershing Square Capital Management LP, speaks during an event in New York, U.S.

    Pershing Square sued the U.S., claiming that its stripping of profits from Fannie Mae and Freddie Mac unconstitutionally short changes investors.

  • Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.

  • Paulson holds onto gold ETF, Soros adds gold miners Thursday, 14 Aug 2014 | 6:41 PM ET

    Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.

  • Cohen must face insider trading case: Judge Thursday, 14 Aug 2014 | 4:18 PM ET
    Steve Cohen

    U.S. District Judge Victor Marrero in Manhattan allowed the entire case against Cohen and SAC to go forward, apart from some claims brought too late.

  • Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.

  • SEC looking into Ackman offer for Allergan: DJ Thursday, 14 Aug 2014 | 1:29 PM ET
    Bill Ackman

    Securities regulators are looking into the joint bid by Valeant Pharmaceuticals and activist investor Bill Ackman for Allergan, Dow Jones reported.

  • BUENOS AIRES, Aug 14- The hedge funds suing Argentina over its 2002 debt default are an "international mafia" out to wreck the country's finances, the government said on Thursday, pumping up the rhetoric in a battle that is squeezing the struggling Argentine economy.

  • Bill Ackman plans to raise $4B through listed fund Thursday, 14 Aug 2014 | 2:19 AM ET
    Bill Ackman

    Bill Ackman is planning to raise around $4 billion by listing a new investment vehicle in London, the FT reports.

  • NEW YORK, Aug 13- A billionaire hedge fund manager who has sued to stop Canadian fashion designer Peter Nygård from expanding his Bahamas estate has asked a U.S. court to help him obtain crucial evidence from a whistleblower to help with the litigation.

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