Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.» Read More
Residential Capital said Tuesday that parent GMAC and private equity firm Cerberus Capital Management agreed to inject more than $1.4 billion in cash, a move that may help the struggling mortgage lender stay solvent.
In late March, Man Group predicted funds under management should exceed $75 billion with profits up 52 percent to top $1.8 billion. It will be interesting to see how CEO Peter Clarke views the prospects for the rest of the year when the numbers hit the tape at 8:00 CET.
A former hedge fund manager was convicted Wednesday of leading an investment scheme that caused clients, ranging from former NFL players to his mother, to lose millions of dollars while he spent the money on jewelry, real estate and a $500,000 wedding.
Regardless of the cause of current price levels, there are, incredibly, more losers in this situation than seems imaginable. Consumers, transportation companies, and the airlines are the easy ones to identify in this camp.
One of the hedge fund industry's most successful asset managers is calling for more regulatory scrutiny of Wall Street.
First came copper, then oil, wheat, fertilizer and coal. Now the surging global economy is clamoring for yet another commodity: rusting cars, refrigerators and washing machines.
The U.S. economy may be in a funk, but that's nothing compared with the pall hanging over Wall Street.
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New York City Mayor Michael Bloomberg said on Monday he is not entering the newspaper business, after media reports said he could be a possible suitor for New York Times.
Nelson Peltz's Trian Partners said Friday that it will seek a special meeting of Wendy's International shareholders after being informed that two takeover offers for the company by Trian and Peltz's Triarc Cos Inc had been rejected.
Last year's best hedge fund managers reaped astounding profits.
An e-mail scam aimed squarely at the nation’s top executives is raising new alarms about the ease with which people and companies can be deceived by online criminals.
An investor in Blackstone Group sued the private equity and real estate firm Tuesday, contending it violated federal securities laws through statements made in its initial public offering documents, according to the law firm that brought the case.
The only thing more-closely guarded than their identities are their trades. That is, until now. Here are the stocks held most near and dear by the most followed hedge funds!
Millions of Americans may be facing the prospect of losing their homes, but a handful of fund managers have become the best paid in their industry -- taking home 10-figure paychecks last year -- by betting against mortgages.
Pardus Capital Management, an activist hedge fund with over $2 billion in assets, said it suspended investor withdrawals in the face of slumping values of some of its investments.
This natural gas pipeline company went through a rough patch but now it looks like it's back on track.
Man Group, the world's biggest listed hedge fund firm, said on Thursday it would beat analysts' average profit forecast for the year ended March 31, despite turmoil in financial markets.
Private equity firms are busy sizing up potential acquisitions in the oilfield services sector, even as many assumed the global credit crunch would knock some out of play.
U.K. hedge fund Toscafund Asset Management LLP has approached Washington Mutual, offering to participate in any consortium looking to recapitalize the bank, The Wall Street Journal 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.