Dec 12- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold.» Read More
NEW YORK-- Billionaire hedge-fund manager Eddie Lampert has reduced his stake in Sears Holdings Corp. to less than half, according to a regulatory filing Tuesday.
Herbalife Ltd. said Tuesday that a Belgian court of appeals has overturned an earlier decision that found that the company was operating a pyramid scheme. The decision sent Herbalife's stock soaring nearly 7 percent. Herbalife faced this accusation in the U.S. from hedge fund manager William Ackman and in Belgium from consumer organization Test-Aankoop.
Dec 3- A former hedge-fund analyst who argued that Dendreon Corp's therapeutic vaccine for prostate cancer may hasten the death of patients has reached a settlement with U.S. securities regulators over failure to disclose her financial interests in the company.
BOSTON, Dec 3- Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year.
Kenneth Brody, the co-founder of $8.2 billion hedge fund firm Taconic Capital Advisors, plans to retire in January after nearly 15 years at the firm.
Bob Janjuah, co-head of cross-asset allocation strategy at Nomura, says hedge funds are taking long positions and are trading on momentum.
NEW YORK, Dec 2- SAC Capital Advisors portfolio manager Michael Steinberg deliberately avoided telling his boss Steven A. Cohen that he was trading on Dell Inc with inside information, a former analyst at the hedge fund testified on Monday.
DENVER-- Oil and gas company QEP Resources said Monday it will separate its midstream business, QEP Field Services, into a separate company. In October, activist hedge fund Jana Partners LLC disclosed a stake in QEP Resources and said that it would seek QEP's breakup, pushing the company to separate the midstream partnership from the rest of its business.
NEW YORK, Dec 2- Portfolio manager Michael Steinberg sought to warn SAC Capital Advisors founder Steven A. Cohen that he was trading in the opposite direction to bets that were based on inside information, a former analyst at the hedge fund testified Monday.
A study shows half of hedge funds now sell products considered 'long-only' reflecting more conservative investor strategies in the market.
But many hedge funds are now branching out into long-only products in an effort to diversify and expand their business, putting them in direct competition with fund managers like Schroders, Standard Life and Pimco.
Harvard and Yale may help shape some of the brightest minds, but their endowment investment returns can look downright dumb.
Anita Nemes, global head of capital introduction at Deutsche Bank, discusses how hedge funds are beginning to offer new products.
Wealthy investors may get bigger returns with new hedge fund managers, but they must also have a high risk tolerance.
BOSTON, Nov 27- Wealthy investors may get more bang for their buck if they invest with brand new hedge fund managers, but they must also have a strong stomach to tolerate potential losses, a study released on Wednesday shows.
CNBC's Scott Wapner highlights popular longs in the portfolios of top hedge fund managers. The "Fast Money" traders weigh in.
Hedge fund managers are riding their best stock ideas as long as possible and but overall returns continue to lag.
The dispute around director compensation is the latest front in the war of influence between activist hedge funds and corporate boards.
Carlyle is known as a private equity firm, but its latest acquisition continues to diversify the business away from buyouts.
CNBC.com Enterprise Reporter Lawrence Delevingne explains why this hefty fine is no big deal for the SAC Capital fund manager, who is worth far more.
All eyes are on the Fed's big announcement Tuesday. Fortunately, the taper and QE don't really matter all that much.
As we tick down to the Fed's policy statement, here's a tour through current policy with an eye to what might change.
Markets have been anticipating the Fed's direction ever since it began dropping hints about a decrease in asset purchases.