A former SAC Capital Advisors trader wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.» Read More
WASHINGTON, Nov 21- A former Marvell Technology Group Ltd employee will pay $60,000 to settle civil charges that he offered insider tips to a hedge fund manager with ties to Galleon Group, U.S. regulators said Thursday.
WASHINGTON, Nov 21- A former Marvell Technology Group Ltd employee will pay $60,000 to settle civil charges that he offered non-public tips to a hedge fund manager with ties to Galleon Group, U.S. regulators said Thursday.
Einhorn, the CEO of hedge fund Greenlight Capital, is best known for market-moving "short" bets on companies like Green Mountain Coffee Roasters.
Opposing portrayals of a former trader at SAC emerged during opening statements at his criminal insider trading trial in Federal District Court.
CNBC's Kate Kelly reports on the evidence phase in the insider trading trial for SAC Capital.
The founder of hedge fund consulting firm SFC Associates and author of numerous books on investing was arrested in his Manhattan apartment in July of last year after police, acting on a search warrant, found numerous illegal videos and images on his computer, the New York City police department said.
NEW YORK, Nov 20- Deepak Narula, one of the hedge fund industry's best known mortgage bond traders, said he sees a much tougher year ahead for investors but sees opportunities in certain mortgage trades.
Eminence Capital founder, CEO/CIO Ricky Sandler, discusses FedEx's performance and Fred Smith's leadership.
Eminence Capital is pushing for Men's Wearhouse to consider a merger with Jos. A. Bank. Eminence Capital founder, CEO/CIO Ricky Sandler says he has "never seen a board that has acted this irresponsibly in front of an opportunity like this," in regards to Men's Wearhouse.
Short-biased hedge funds are practically jumping up and down to alert investors to the opportunity to make money.
The CEO of the Girl Scouts of America has responded to a fictional letter from investor Dan Loeb published in Vanity Fair.
NEW YORK, Nov 19- Jury selection got under way on Tuesday in the criminal trial of Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, accused of insider trading.
NEW YORK, Nov 19- Jury selection got under way Tuesday in the criminal trial of Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund accused of insider trading.
*New York federal appeals court denies "en banc" review. NEW YORK, Nov 19- A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government's wide-ranging probe into insider trading.
*France falling behind southern European countries. Money managers from firms which collectively steer assets of about $1.25 trillion told the Reuters Global Investment Outlook Summit in London that economic and political stasis in the euro zone's second biggest economy was hard to price and trade but held significant threats to the bloc nonetheless.
NEW YORK, Nov 18- J.C. Penney Co has a fan in hedge fund manager Marc Lasry, who says the struggling retailer is likely to survive after an ambitious reinvention failed, its stock price tumbled and its biggest investor exited.
NEW YORK, Nov 18- A trial starting this week will provide a window into what prosecutors have called a decade-long insider trading scheme at Steven A. Cohen's once-powerful SAC Capital Advisors hedge fund.
Nov 15- Activist investor Bill Ackman's Pershing Square hedge fund has invested half a billion dollars to acquire stakes of nearly 10 percent each in Freddie Mac and Fannie Mae, the latest big investor this week to buy into the mortgage finance companies.
*Exxon Mobil leads Dow after Buffett buy. *J.C. Penney, FedEx gain on hedge fund stakes. They rose 2.2 percent to $95.27 a day after Warren Buffett's Berkshire Hathaway Inc disclosed a new $3.45 billion stake in the second-largest U.S. company by market value, behind only Apple Inc.
Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.
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.