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.» Read More
You don’t have to work on Wall Street to play in the major leagues.
Bernie Madoff is back in his Butner, NC, prison cell after a brief stay in the prison's medical unit, according to the Bureau of Prisons Web site.
Bernard Madoff remains under medical care for a seventh day at a prison medical center for dizziness and hypertension, the federal Bureau of Prisons said Thursday.
Don't get me wrong: with the S&P 500 up 23 percent for the year, it has been a very good year...the best return, in fact, since 2003, when the S&P was up 26 percent.
In the last two months, SAC Capital Advisors has turned into a $13 billion piñata.
A trial has been set for April 26 in the case of Arthur Nadel, the Sarasota, Fla., philanthropist and hedge fund manager who became the first alleged "mini-Madoff" when the six funds he managed went bust earlier this year.
Ever wonder why some of the economy’s biggest successes are painted as failures? Let Cramer explain.
Well, as best the Mad Money host can anyway. No doubt stocks are sending some mixed messages.
Investors take note: Fund managers can trump business fundamentals during a rally. Cramer explains how they do it.
Warren Buffett is losing his decade-long $1 million "big bet" against a collection of hedge funds, but it's still early in the race. Buffett hopes his "tortoise" will catch up over the next nine years, erasing an early lead for the "hare" after a tough year for everyone.
Bear Stearns and Lehman Brothers paid their executives largely in stock, and that stock lost most or all of its value when those companies collapsed. But three professors at Harvard - citing a study - dispute that executives at Bear and Lehman were wiped out along with their companies. The New York Times reports.
Gold prices continue to make fresh highs but there could be a possible correction come 2010, warned Bill McQuaker, head of equities & director of multi-manager funds at Henderson Global Investors.
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
John Paulson’s hedge fund group, the Paulson Funds, had another strong, if not spectacular quarter, according to an investment letter obtained by CNBC.
Texas billionaire T. Boone Pickens has made headlines with his clean energy plan for America. But what you haven't heard is the 81-year-old's plan to stay mentally and physically fit. Neuroscientists who have studied his brain say it appears to function like someone half his age.
Money managers hire this company to keep their deals, and their consciences, clean.
The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers, the New York Times reports.
Plus, get calls on investment banks, "app phones" and more.
The new defendants include hedge fund traders and money managers, a mergers and acquisitions attorney, a corporate executive, and an associate analyst for the Moody's credit rating agency.
Tom Maheras, Citigroup's former president and the man at the heart of the firm's push into what eventually became tens of billions of dollars in toxic debt, is running a hedge fund that is up 84 percent so far this year thanks at least in part to some unusual investing.
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