March 11- A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.» Read More
In a blow to Citigroup Chief Executive Vikram Pandit, the bank plans to close a hedge fund he co-founded and will buy what is left of its assets, The Wall Street Journal reported on Thursday.
The manhunt for a hedge fund manager who skipped his prison date and may have killed himself dragged into a third day Wednesday as police look for a body and other agents search for a rich man who may be on the run.
A former hedge fund manager who cheated investors in his Bayou Group fund out of $400 million and was expected to report to prison for his crime, may have committed suicide, police in New York said.
Investors pulled a net $5.9 billion out of U.S. hedge funds in April, marking the industry's biggest outflow in 6-1/2 years as they punished managers for their worst-ever returns at the start of 2008.
The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.
The level of risk on Lehman Brothers Holdings', balance sheet remains too high despite moves to improve its balance sheet strength, hedge fund manager David Einhorn told Reuters Monday.
David Einhorn, hedge fund manager of Greenlight Capital, has been making waves in the media spotlight recently by eagerly sharing his thoughts on the financial trouble facing Lehman Brothers.
Large private investors have been buying commodities in recent years, but now some are going further and buying actual farmland, says The New York Times.
For eight months now hedge fund manager David Einhorn has been betting on Lehman Brothers being the next Wall Streeet giant to fall - and has not been quiet about it. The New York Times reports the reasons for his prediction and Lehman's reaction.
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.
Hedge fund manager Bill Ackman renewed his attack on Herbalife on Tuesday.
Detroit looks to emerge as a winner from its bankruptcy, with bondholders and municipal borrowers the biggest losers.
Prominent money managers are warning of a bubble in some technology stocks and recommend avoiding emerging markets.