Hedge Funds


  • CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.

  • Argentina on the edge of default     Tuesday, 29 Jul 2014 | 1:54 PM ET

    Argentina is refusing to negotiate with a small group of bond investors who are owed billions of dollars dating from debt they purchased from before the country's last default in 2001, with CNBC's Kate Kelly.

  • Billionaire fund manager warns of ... space rays? Tuesday, 29 Jul 2014 | 1:44 PM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Paul Singer has called the threat of a widespread blackout from an electromagnetic surge the "most significant danger" in the world.

  • Argentina faces ‘shock’ if it defaults: Debt pro Tuesday, 29 Jul 2014 | 12:21 PM ET
    A young man passes by posters on a wall against the 'vulture funds' in Buenos Aires on June 18, 2014.

    Argentina could be back in the economic doldrums if it defaults on Wednesday, a key player in its 2010 debt restructuring told CNBC.

  • BOSTON, July 29- Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines-- Argentina and EMC Corp..

  • What happens to Argentina if it defaults (again) Tuesday, 29 Jul 2014 | 11:48 AM ET
    Argentine flags at the Plaza de Mayo, in Buenos Aires.

    The concepts of 'Logic will prevail' and 'Argentina' don't necessarily go together, says one portfolio manager.

  • Paul Singer: 'By all measures' US stocks 'frothy' Tuesday, 29 Jul 2014 | 10:17 AM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Billionaire investor Paul Singer also warns of a scenario of "real class warfare."

  • 3rd time unlucky: Argentina set for new default Monday, 28 Jul 2014 | 12:18 PM ET
    Posters on a wall against the 'vulture funds' in Buenos Aires, Argentina.

    Argentina will likely default on its debt for the third time in 28 years on Wednesday, which could cost U.S. hedge funds millions.

  • Branson, whose investment in the airline is restricted by U.S. foreign investment rules, owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.

  • UPDATE 1-Virgin America files for U.S. IPO Monday, 28 Jul 2014 | 6:54 AM ET

    July 28- Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering U.S. airline market. Branson owns a 22 percent stake in Virgin America through the Virgin Group and a hedge fund.

  • Greenlight gains on Micron, Apple Friday, 25 Jul 2014 | 1:32 PM ET
    Greenlight Capital president David Einhorn pauses during an interview in New York.

    Greenlight Capital, David Einhorn's hedge fund firm, gained 7.9 percent in the second quarter, according to a letter sent to investors Friday.

  • Argentina exits meeting with debt mediator: Report Friday, 25 Jul 2014 | 12:11 PM ET
    Reporters crowd around Federico Thea, Argentina’s Legal and Technical Secretary Minster of the Economy, as he leaves the office building of mediator Daniel Pollack in New York.

    Argentine debt negotiators left their meeting with a U.S. court-appointed mediator in New York after barely one hour.

  • David Harding, founder and president of Winton Capital Management, discusses his fund's trading strategy and how it "elbowed" its way into the financial world.

  • BOSTON, July 24- Billionaire investor Kenneth Griffin, who oversees $20 billion at hedge fund Citadel LLC, filed for divorce from his wife citing "irreconcilable differences," according to court filings seen by Reuters on Thursday.

  • Precedent setting move for CalPERS?     Thursday, 24 Jul 2014 | 3:11 PM ET

    The California Public Employees' Retirement System (CalPERS) dealt a blow to hedge funds by announcing it's considering scaling back hedge fund holdings. CNBC's Kate Kelly reports the details.

  • Billionaire hedge fund manager Griffin to divorce Thursday, 24 Jul 2014 | 2:45 PM ET
    Ken Griffin, founder and chief executive officer, Citadel

    Ken Griffin, the billionaire founder of investment firm Citadel, has filed for divorce from his wife and fellow hedge fund manager Anne Dias Griffin.

  • Hedge fund: This 'mania' health stock will fall 90% Thursday, 24 Jul 2014 | 2:19 PM ET
    Afrezza is a rapid-acting, inhaled insulin for the treatment of diabetes.

    A rising hedge fund star thinks that MannKind is so over-hyped that the health-care company's stock will fall 90 percent.

  • Lawmaker to press SEC on Ackman's Allergan tactics Thursday, 24 Jul 2014 | 8:55 AM ET
    Pershing Square Capital Management CEO Bill Ackman speaks during an interview in New York.

    A Republican congressman will pressure the Securities and Exchange Commission for reforms after Bill Ackman's efforts to take over Allergan.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • Ackman's clients shrug off Herbalife embarrassment Wednesday, 23 Jul 2014 | 2:53 PM ET
    Bill Ackman

    Pershing Square Capital Management clients aren't very concerned about Herbalife's big gain yesterday.

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