Hedge Funds


  • The sentencing marks the end of an era for SAC Capital, a hedge fund that last year managed $15 billion but found itself in federal investigators' cross-hairs. An indictment unveiled in July alleged systemic insider trading took place at SAC Capital involving the stocks of more than 20 publicly-traded companies from 1999 through 2010..

  • Risk? What risk? Big funds go all-out for yield Thursday, 10 Apr 2014 | 10:53 AM ET
    Public water utility workers fix a pipe in Old San Juan. The island-territory of the United States is on the brink of a debt crisis as lending has skyrocketed in the last decade with the government issuing municipal bonds mostly to finance pensions.

    Recent strong demand for relatively risky bonds from Puerto Rico, Greece and Spain adds to the case that investors are reaching for yield.

  • US judge sentences SAC Capital in $1.8B fraud deal Thursday, 10 Apr 2014 | 3:03 AM ET

    NEW YORK— The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal fine ever imposed in an insider trading case.

  • Big hedge funds bought Puerto Rico's junk bonds - WSJ Thursday, 10 Apr 2014 | 12:57 AM ET

    April 10- Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspaper.

  • Surprise: These funds are back as big winners Wednesday, 9 Apr 2014 | 2:27 PM ET
    Ray Dalio, founder of Bridgewater Associates.

    Risk parity funds are up this year after losing money in 2013, but investors are getting out of the strategy.

  • This hedge fund outperformed macro peers Tuesday, 8 Apr 2014 | 2:29 PM ET
    Ray Dalio, founder of Bridgewater Associates.

    Bridgewater has posted modest, positive returns this year as other hedge funds that bet on macroeconomic trends have faltered.

  • Hedge fund Coatue to return $2 billion amid volatility Tuesday, 8 Apr 2014 | 11:49 AM ET

    Hedge fund Coatue will return $2 billion to investors after volatility caused losses.

  • Tech carnage hits hedge funds     Tuesday, 8 Apr 2014 | 10:57 AM ET

    CNBC's Kate Kelly looks at why hedge funds have been hit by the sell-off in the tech sector.

  • BOSTON, April 8- Hedge fund Coatue Management plans to return as much as 35 percent of its assets to investors this summer after its $7 billion flagship ballooned in size.

  • Hedge fund Coatue responds to tech volatility     Tuesday, 8 Apr 2014 | 12:00 AM ET

    CNBC.com Senior Writer John Jannarone talks about why $7 billion is too much for Coatue Management to handle.

  • BOSTON, April 7- Hedge fund manager John Paulson's returns dipped in March, hurt in part by losses in the gold market, two people familiar with the numbers told Reuters on Monday. The Paulson Advantage Plus Fund dipped 7.4 percent last month, cutting its year-to-date gains to 2.6 percent.

  • With full coffers, Cohen's SAC tries on new name Monday, 7 Apr 2014 | 2:31 PM ET

    Point72 Asset Management, the former SAC Capital, launched Monday with about $9 billion in funds and a year-to-date return of close to 10 percent.

  • Who the biggest hedgies are holding     Monday, 7 Apr 2014 | 1:24 PM ET

    CNBC's Dominic Chu digs into the holdings of some of the biggest hedge fund companies.

  • Point72 Asset Management launches     Monday, 7 Apr 2014 | 10:30 AM ET

    SAC Capital Advisors officially changed its name to Point72 Asset Management and became a family office managing $9 billion to $10 billion of Steven Cohen's money, reports CNBC's Kate Kelly.

  • Steven Cohen of previously titled hedge fund SAC Capital still faces failure to supervise charges by the SEC. The famous hedge fund becomes Point72 Asset Management Monday, reports CNBC's Kate Kelly.

  • The SEC regularly examines a wide range of financial institutions including brokerages and clearing houses to ensure compliance with federal securities laws. The SEC already has examiners who specialize in funds, but historically the agency has focused on public asset managers such as mutual funds that have been highly regulated since 1940..

  • Loeb urges Sotheby's shareholders to back his slate Friday, 4 Apr 2014 | 1:32 PM ET

    BOSTON, April 4- Hedge fund manager Daniel Loeb on Friday urged Sotheby's investors to support his board slate, arguing he and his fellow nominees would be better able to reinvigorate the auction house from within after years of poor governance.

  • Hedge funds' secret weapon is ex-Obama advisor Friday, 4 Apr 2014 | 1:03 PM ET
    Austan Goolsbee

    Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.

  • Loeb: 'Failed' board dragging down Sotheby's stock Friday, 4 Apr 2014 | 11:32 AM ET

    Activist investor Dan Loeb said Sotheby's stock slide is the result of what he called "failed leadership by the board of directors."

  • *NYSE stock positions using leverage hit record high. LONDON/ PARIS, April 4- Hedge funds are borrowing record amounts of money to fund bets that stock markets will continue rising, creating conditions that could accelerate price falls if those leveraged positions are hurriedly closed.

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