Hedge Funds


  • Argentina, bondholder settlement talk rescheduled Wednesday, 23 Jul 2014 | 12:06 PM ET
    US court appointed mediator in the Argentine debt crisis Daniel Pollack leaves the US Federal Courthouse July 22, 2014 in New York. The judge urged Argentine officials and holdout bondholders to reach an agreement.

    Settlement talks between Argentina and bondholders not part of the nation's past debt restructuring were pushed back one day, the mediator said.

  • 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.

  • US hedge fund files suit against Puerto Rico gov Wednesday, 23 Jul 2014 | 9:34 AM ET

    SAN JUAN, Puerto Rico— The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. The Electric Power Authority holds some $9 billion in debt.

  • Ackman withdraws claim on key Herbalife analyst Tuesday, 22 Jul 2014 | 5:15 PM ET
    Activist investor, Bill Ackman

    Analyst Tim Ramey said assertions made by Bill Ackman during Tuesday's presentation are untrue, and Ackman is correcting the record.

  • Hedge fund sues Puerto Rico over new bond law Tuesday, 22 Jul 2014 | 3:32 PM ET
    Capitol building in San Juan, Puerto Rico

    A big New York investment firm isn't happy that Puerto Rico has made it easier for some public companies to restructure their debts.

  • Hedge fund sues Puerto Rico government     Tuesday, 22 Jul 2014 | 3:32 PM ET
    Turret along Old San Juan Wall in Puerto Rico

    Hedge fund BlueMountain Capital Management is suing the Puerto Rico government over debt avoidance law, reports CNBC's Kate Kelly.

  • Teary Ackman on HLF: Time to shut the company down Tuesday, 22 Jul 2014 | 2:40 PM ET

    Bill Ackman fired his latest shot at Herbalife Tuesday, but the company's stock mostly rose during the investor's presentation.

  • Senate scrutinizes hedge funds     Monday, 21 Jul 2014 | 5:22 PM ET

    The Senate Investigations Subcommittee is saying two global banks and as many as 13 hedge funds dodged billions in taxes, reports CNBC's Eamon Javers.

  • Ackman: Why I think Herbalife is going to collapse Monday, 21 Jul 2014 | 5:03 PM ET
    Bill Ackman

    Bill Ackman, head of Pershing Square Capital Management, said his firm's presentation of a Herbalife investigation will "expose incredible fraud."

  • WASHINGTON, July 21- The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes, calling for tougher action from the authorities.

  • Ackman says he can prove Herbalife is a 'fraud' Monday, 21 Jul 2014 | 3:57 PM ET

    NEW YORK— Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud." The announcement sent shares of Herbalife down more than 11 percent in trading Monday.

  • July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.

  • Valeant complains to regulators about Allergan Monday, 21 Jul 2014 | 7:07 AM ET
    Michael Pearson, CEO of Valeant Pharmaceuticals.

    Valeant has complained to regulators that claims made by Allergan to counter a hostile takeover are misleading, sources have told CNBC.

  • Citadel's Griffin: 'Can't see' gubernatorial run Monday, 21 Jul 2014 | 7:00 AM ET
    Ken Griffin, founder and chief executive officer, Citadel

    Hedge fund manager Ken Griffin doesn't seem interested in running for office himself despite recent political engagement.

  • Herbalife: Ackman is 'Worst of Wall Street' Friday, 18 Jul 2014 | 2:57 PM ET
    The Herbalife Los Angeles distribution center is seen in Carson, Calif.

    Herbalife is ramping up its rhetoric against arch-nemesis Bill Ackman.

  • Loeb: Mexico 'very attractive,' Argentina emerging Friday, 18 Jul 2014 | 1:08 PM ET
    Dan Loeb.

    Daniel Loeb, head of the hedge fund Third Point, said that Japan caused a majority of the fund's losses and that Mexico seemed 'very attractive.'

  • Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.

  • July 17- Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. Consider its passive investment in RadioShack's stock, which has fallen about 69 percent this year.

  • Advanstar is working with investment banks Goldman Sachs Group and Moelis& Co to assist with efforts to find a buyer, the people said, asking not to be named because the matter is not public. Advanstar is controlled by hedge fund Anchorage Capital Group and private equity firms Ares Management LP and Veronis Suhler Stevenson.

  • Druckenmiller: IBM 'poster child' of bad growth Thursday, 17 Jul 2014 | 2:04 PM ET

    Stan Druckenmiller said IBM's recent stock buybacks represent what's wrong with the economic recovery.

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