Billionaire hedge fund manager David Einhorn is still alive after three days (and nearly 30 hours of play) in the World Series of Poker Main Event.» Read More
June 27- Steven A. Cohen's SAC Capital reached an agreement with U.S. securities regulators on Friday for the once-powerful hedge fund to no longer be an investment adviser, following the firm's guilty plea to insider trading charges last year.
WASHINGTON, June 27- Steven A. Cohen's hedge fund SAC Capital and several affiliates reached a deal with U.S. securities regulators on Friday to wind down their operations and transition into a smaller, family-based business, according to a regulatory filing.
One person who has thought interestingly about these issues is Stephen Jen, a hedge fund manager at SLJ Macro Partners. Jen argues, picking up on points made by economist Paul Samuelson a decade ago, that lagged effects of globalization may be behind some of the peculiarities in both markets and economics we now observe.
New York, June 25- Hedge fund Paulson& Co has amassed a large stake in Allergan Inc of more than 6 million shares and is supportive of a deal between the Botox maker and Valeant Pharmaceuticals Inc, people familiar with the matter on Wednesday.
NEW YORK, June 25- A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.
Christian Hyldahl, CIO of Nordea Investment Management, says that with markets "buoyant", investors need to diversify their portfolios to increase returns.
Michael Browne, fund manager at Martin Currie, says investors are "scared" to take risks, even in the current strong equity environment.
Argentina took its first step in U.S. court toward negotiating with creditors in an effort to end a dispute over unpaid debt and avoid a default. Teresa Barger, Cartica Capital, explains the three big problems facing the republic and why U.S. investors should care.
After retreating from highs in early March, shorts sellers in the S&P 500 have returned over the last eight weeks.
*34 new commodity funds through May, lowest since H1 2006. *Only two new "discretionary" funds, both by same trader. NEW YORK, June 24- Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector.
An elite group of former financial pros are behind a major new study on the economic ramifications of climate change.
Peter De Proft, director general of the European Fund and Asset Management Association, says there is a more positive sentiment among fund managers in 2014 with increasing inflows.
Kevin Gibson, CIO of Eastspring Investments, discusses the benefits of bottom up investing and the opportunities in the Japanese stock market.
Gavin Rankin, EMEA head of managed investments at Citi Private Bank, says the risk aversion shown by investors is a response to a "traumatic" financial crisis.
Tom Brown, global head of investment funds at KPMG, says technology giants like Facebook and Amazon will start to move into financial services and investment management in the future.
Cliff Asness may actively invest $100 billion, but he tells his family to talk to the grandfather of passive investing, Jack Bogle.
*Oil eases away from $115. NEW YORK, June 20- Wall Street equities hit new highs on Friday, boosted by money managers convinced that U.S. policymakers will keep a lid on interest rates through 2016, while oil prices backed away from nine-month peaks triggered by worries about the turmoil in Iraq.
Managing a mutual fund is nothing short of a noble calling to alleviate wealth inequality, according to a Morningstar senior executive.
LONDON, June 20- Investors are seeking new defenses against possible falls in European stocks as indexes plateau near multi-year highs and traditional hedges prove ineffective in a market anesthetized by near-zero interest rates.
MONACO, June 20- Hedge fund managers who seek out quick returns from company turnarounds and short-term bets on specific assets are in fashion as investors ponder their next move after long rallies in stocks and bonds.
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