Hedge Funds


  • J. Ezra Merkin, a New York financier, wrote his investors last month that he too was shocked by the news that Bernard L. Madoff’s hedge fund was an elaborate Ponzi scheme.

  • Hedge Funds, Battered in '08, Brace for More Pain Monday, 12 Jan 2009 | 10:23 PM ET
    Stocks down

    Year after year, the hedge fund industry dazzled Wall Street by delivering "absolute returns"—outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with eye-popping returns that carried seemingly moderate risk.

  • Donny Deutsch: Madoff Is a ‘Serial Killer’ Thursday, 8 Jan 2009 | 7:39 PM ET

    “He destroyed lives,” the former Big Idea host said. The fact that Bernie’s not yet in jail is “an abomination.”

  • The Next Big Madoff Story Wednesday, 7 Jan 2009 | 3:56 PM ET

    Who among Bernie’s $50 billion worth of investors should get their money back? And what if some were in on the scam?

  • A Look at Madoff's Real Numbers Wednesday, 7 Jan 2009 | 12:20 PM ET

    The embattled money manager claimed returns of as much as 12% a year. That's not what we found.

  • Hedge Funds - Masters Of The Universe No More Tuesday, 6 Jan 2009 | 6:42 PM ET

    What does the future hold for the fastest money on the Street?

  • Universal's Deal To Sell Rogue Finally Happens Tuesday, 6 Jan 2009 | 1:02 PM ET

    The most notable asset Relativity is acquiring is Rogue's library of about 30 films, which can be monetized though DVD sales, TV rights (on the likes of HBO), and now digital distribution. Rogue is known for what Hollywood calls "genre" films, horror films aimed at moviegoers 25 and under, made with a relatively low budget.

  • Holding SEC Accountable for Madoff Monday, 5 Jan 2009 | 8:25 PM ET

    The regulator has no excuse for missing the alleged $50 billion fraud, Cramer says.

  • Red Sox Owner Beats The Market Monday, 5 Jan 2009 | 1:10 PM ET

    It's been a rough go for Red Sox owner John Henry, as the team winning championships in 2004 and 2007 might have been the only thing that kept him sane.

  • Madoff Spotlight Turns to Role of Offshore Funds Wednesday, 31 Dec 2008 | 4:10 AM ET

    The investigations into Bernard L. Madoff are expanding into offshore tax havens, the New York Times reported.

  • Madoff Trustee Gets $28 Million for Liquidation Costs Tuesday, 30 Dec 2008 | 11:47 AM ET
    Bernie Madoff

    U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.

  • Private Equity Firms Are Near Deal to Buy IndyMac Monday, 29 Dec 2008 | 9:43 AM ET

    IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equity and hedge fund firms in a complex deal partly financed by the federal government, the New York Times reports.

  • Madoff: The Affect On Private Investors/ Market Sentiment Wednesday, 24 Dec 2008 | 11:58 AM ET

    The direct effects are limited, but indirect effects could be large. In speaking with hedge fund investors and advisors over the past week, Madoff's investors appear to be overwhelmingly high net worth individuals in Europe and the U.S.

  • Fund Chief With Madoff Ties Said to Commit Suicide Tuesday, 23 Dec 2008 | 1:10 PM ET

    Rene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors, was found dead in his office in Manhattan, the New York Times reports.

  • Firm Built on Madoff Ties Faces Tough Questions Monday, 22 Dec 2008 | 10:18 AM ET

    Since Bernard Madoff was arrested in connection with a $50 billion Ponzi scheme, the Fairfield Greenwich Group has portrayed itself as an another unwitting victim of the fraud. But for Fairfield, working with Mr. Madoff was hugely profitable, the New York Times reports.

  • Diversification Would Have Beaten Madoff Thursday, 18 Dec 2008 | 2:03 PM ET

    Only the most sophisticated investors banked with Bernie. But they seemed to forget the most basic of rules.

  • Staking Out Bernie: Exclusive Video Wednesday, 17 Dec 2008 | 3:17 PM ET

    We had been camped out here at the federal courthouse for two days now waiting for Bernie Madoff before we got a shot of him.

  • SEC Confirms Internal Investigation of Madoff Case Tuesday, 16 Dec 2008 | 5:57 PM ET
    Bernard Madoff

    Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.

  • Big Brown

    One of the greatest sports business stories of the year was Big Brown and the horse’s quest to win the Triple Crown. It was the perfect story for me. Owners in the financial world, hoping to start a hedge fund, have a horse that’s one race away from history.

  • Mad Mail: Trading Toll Brothers Monday, 15 Dec 2008 | 7:50 PM ET

    Plus, Cramer talks Ken Heebner, shipping stocks and more.

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