NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.» Read More
Federal authorities have ruled out suicide in the disappearance of a missing hedge-fund swindler whose car was found on a New York bridge with the words "Suicide is Painless" written in the dust on the hood.
Federal authorities strongly suspect he is alive, and have begun an international manhunt for the former hedge fund manager, who was facing a 20-year prison sentence for defrauding investors out of about $450 million when he disappeared on Monday.
U.S. authorities were trying to determine on Friday whether a fugitive financier who was thought to have faked his suicide will have enough money to sustain life on the run.
CNBC has learned the estate case of hedge fund manager Seth Tobias has been settled, pending the approval of a Florida probate judge on Monday. Tobias, the founder of the Circle T Family of Funds and a frequent CNBC guest, was found dead in his swimming pool in the early morning hours of September 4. He was 44 years old.
Companies traditionally get loans from banks, but with so many lenders stretched and with credit so tight these days, businesses are turning to what might seem like an unlikely source for cash: hedge funds, the New York Times reported.
U.S. Marshals are questioning a man in connection with the disappearance of convicted hedge fund millionaire Samuel Israel, according to a report from WNBC.
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.
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Investors will get a little time to catch their breath after Friday's record-breaking Alibaba trading debut, but not too long.
What is historically the worst month for stocks may turn out to be the third quarter's best month for traders.
Eugene Fama, the University of Chicago investing researcher, once again warned investors against the lure of active management.