NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.» Read More
When Matt Levine, a vice president at Goldman Sachs, announced in May that he was leaving his job to become a full-time writer for Dealbreaker, a satirical blog that covers the finance industry, a few colleagues gave him a wary send-off, the New York Times reports.
America’s public sector has not produced many pleasant financial surprises this year. This week, however, one emerged: John Liu, New York City Comptroller, announced that in the year to June 30, the City’s pension fund produced returns of more than 20 percent, raising total assets to $119 billion, according to the FT.
A whipsawing equities market and a reversal in commodities made June a tough month for some of the world’s biggest hedge funds .
Making a case for Facebook valuations, with Lou Kerner, Wedbush Securities, and CNBC's Kate Kelly has the backstory on which hedge funds have had the roughest run lately.
Whenever I argue that carried interest is not really so different from other types of capital gains, someone inevitably objects that the critical difference is between investing your own money and investing other people’s money.
Yesterday I explained that difference between what gets taxed as capital gains and what gets ordinary income is not the bright line many imagine.
The debate over how to tax the profits interests of hedge funds is carried out on a deceptively simplistic level that misleads lots of people.
Tapping the Strategic Petroleum Reserve was supposed to lower oil prices but instead has only raised questions about market manipulation.
Yesterday at 11:46 PM, Lee Ainslie of Maverick Capital got an email with the Subject line, "Yo Lee homey, Sorry to break it to you, but looks to me likely that Maverick will soon be charged with insiderr trading. Just thought I'd let you know..."
The debate over how to tax the share of gains earned by the managers of private investment companies—such as hedge funds and private equity funds—has been going on for several years. But it appears that the terms of the debate are just getting, well, stupider.
What top hedge fund managers are watching in the second half, with Anthony Scaramucci, Skybridge Capital.
The $100 million ATM Receipt sure is getting a lot of mileage of the question: "Who could it be?"
NetNet friend Vince Veneziani. author of the forthcoming book "The Greatest Trades of All Time," snapped this photo today of a car parked on William Street near Exchange Place. The license place reads: HDGFND.
Greece recently passed austerity measures and appears to be on the road to a bailout, but strategic investor Dennis Gartman still believes the country will eventually default.
Are hedge funds paying their fair share of taxes? One powerful senator doesn't believe they are giving Uncle Sam his fair share. John Carney, CNBC.com frames the debate.
Last Thursday, Senator Carl Levin called the tax treatment of carried interest “the unconscionable tax break given to hedge-fund managers.” But the notion that taxation of carried interest is an “unconscionable tax break” is the moral equivalent of a vampire going down in flames the moment it is exposed to the light of thought.
Distressed corporate debt represents an excellent opportunity for investors as political and economic uncertainty rattles global bond markets and small and medium sized businesses struggle to raise capital, Jon Macintosh, manager at closed-ended investment company Acencia Debt Strategies told CNBC.
Paulson & Co, the hedge fund that made billions from betting on a collapse in mortgage-backed securities during the financial crisis, has made more than $550m from a recovery in the value of bonds it bought in failed investment bank Lehman Brothers. The FT reports.
Commodity bull Jim Rogers says hedge fund managers such as Jim Chanos of Kynikos Associates and Hugh Hendry of Eclectica, who have been shorting Chinese related stocks and credits, have got it wrong.
Weighing in on a $99 million ATM receipt, and whether it's a good idea to tax hedge funds, with Leon Cooperman, Omega Advisors chairman/CEO.
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Investors will get a little time to catch their breath after Friday's record-breaking Alibaba trading debut, but not too long.
What is historically the worst month for stocks may turn out to be the third quarter's best month for traders.
Eugene Fama, the University of Chicago investing researcher, once again warned investors against the lure of active management.