Hedge Funds


  • Feds: Hedge Fund Swindler Didn't Jump Monday, 16 Jun 2008 | 2:44 PM ET

    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.

  • Search for Missing Fund Manager Goes Global Saturday, 14 Jun 2008 | 10:06 AM ET

    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.

  • Probe Deepens for Missing Hedge Fund Manager Saturday, 14 Jun 2008 | 9:32 AM ET

    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.

  • Tobias Case Settled Friday, 13 Jun 2008 | 8:57 PM ET
    Seth Tobias - Hedge Fund Manager

    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.

  • As Banks Shun Loans, Hedge Funds Move In Friday, 13 Jun 2008 | 4:10 AM ET

    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.

  • Man Questioned in Fund Manager's Disappearance Thursday, 12 Jun 2008 | 3:33 PM ET

    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.

  • Citi to Shut Hedge Fund Co-Founded by CEO: WSJ Thursday, 12 Jun 2008 | 4:47 AM ET

    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.

  • Manhunt Stepped Up for Hedge-Fund Con Man Wednesday, 11 Jun 2008 | 1:22 PM ET

    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.

  • Police Probe Possible Suicide of Former Fund Manager Tuesday, 10 Jun 2008 | 1:58 PM ET

    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 Punish US Hedge Funds for Poor Returns Tuesday, 10 Jun 2008 | 9:55 AM ET

    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.

  • Doll: Fed Doesn't Want to Raise Rates Any Time Soon Tuesday, 10 Jun 2008 | 7:44 AM ET

    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.

  • Lehman Leverage Still Too High, Einhorn Says Monday, 9 Jun 2008 | 1:45 PM ET

    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.

  • Einhorn Weighs In on Lehman, Recent Media Attention Thursday, 5 Jun 2008 | 11:39 AM ET

    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.

  • Food Is Gold, So Billions Invested in Farming Thursday, 5 Jun 2008 | 10:24 AM ET

    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.

  • Lehman Battles an Insurgent Investor Wednesday, 4 Jun 2008 | 11:13 AM ET

    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.

  • GMAC's Mortgage Unit Gets Cash to Stay Afloat Tuesday, 3 Jun 2008 | 11:49 AM ET

    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.

  • Europe Preview: Where Is Man Group Headed? Wednesday, 28 May 2008 | 3:01 PM ET

    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.

  • Fund Manager Convicted, Faces Up to 710 Years Wednesday, 21 May 2008 | 6:08 PM ET

    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.

  • John Kilduff

    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.

  • A Wish List for Fixing Wall Street Tuesday, 13 May 2008 | 10:57 AM ET

    One of the hedge fund industry's most successful asset managers is calling for more regulatory scrutiny of Wall Street.

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