Sears shares rose about 7.5 percent in early trading. Most of this will come from Lampert and his hedge fund, ESL Investments Inc, which together own 48.5 percent of Sears. Sears' deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain ahead of the key holiday season.» Read More
A handful of hedge fund managers and traders were gathered around a table in Las Vegas for breakfast Wednesday morning when Raj Rajaratnam was convicted on all 14 counts in his insider trading trial.
The Robin Hood Foundation's annual gala raised an estimated $47 million to help New York's poorest and U.S. veterans last night.
Founded in 1988 by hedge fund honcho, Paul Tudor Jones, The Robin Hood Foundation is one of the most successful charities in the United States, with a board made up a who's who of Wall Street including Blackstone's Larry Fink, SAC Capital's Steve Cohen, Greenlight Capital's David Einhorn and Och-Ziff Daniel Och, Ken Langone.
Clive Capital, the world’s largest commodity hedge fund, has been left nursing losses of more than $400m as a result of the dramatic collapse in the price of oil last week. The FT reports.
Steven Cohen doesn’t have much to worry about when it comes to the latest link between the founder of hedge fund giant SAC Capital and insider trading.
The correction in price of gold early in 2011 underscored how much many hedge fund managers – including John Paulson and Greenlight Capital’s David Einhorn– relied on gold for their strong performance last year. The FT reports.
A growing number of business school students are rejecting traditional postgraduate paths like investment banking, hedge funds and consulting for the lures of entrepreneurship. The New York Times reports.
Private equity kingpin David Rubenstein missed his chance to be one of the first investors in Facebook.
If gold is the long-term commodities love of the investment community, silver, surging for months now, was (at least until two days ago) its hotly-followed mistress.
Count David Einhorn as a skeptic when it comes to quantitative easing.
This may be the best time to invest in hedge funds. Right now.
Regulators are now investigating Harbinger Capital Partners on at least five matters.
The New York Observer’s profile of Bill Ackman, the founder of Pershing Square Capital Management, provides a good opportunity to reflect on one of the most disgusting abuses of securities laws in recent memory.
The big Wall Street Journal story on hedge funds does a good job of describing the shift of hedge fund political donations from Democrats to Republicans.
Will Rajat Gupta's insider trading defense be that it was his job to spill board room secrets to Goldman's tier one clients?
Actelion shareholder Elliott Advisors, having already called for a management overhaul at the Swiss biotech concern, says all options, including a sale of the company, need to be on the table at Actelion's shareholder meeting in May.
Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!
To the banker-poet T.S. Eliot, April was the cruelest month. But for many hedge fund traders who take bets on economic trends around the world, March was the cruelest they can remember.
A jury has begun deliberating at the trial of a hedge fund founder accused of making tens of millions of dollars through insider trading.
The verdict on Raj could come any day now, and things just got weird.
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An uptick in borrowing has come from high net-worth clients in brokerages, not from the consumer banks.
Wage growth in the U.S. has been flat for decades, providing an ugly counterweight to an ostensibly improving part of the economy.
Pimco disputed the Vanguard founder for asserting that index investing was as preferable on fixed income as it is in equities.