CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.» Read More
Ten years ago, when the hedge fund industry was much smaller than it is today, it took 25 hedge fund managers to earn a combined annual payday of $5 billion. Last year, it took only one, the New York Times reports.
The Federal Reserve announced Wednesday that it was declining an offer from American International Group to buy the mortgage-related assets it holds in its Maiden Lane II portfolio.
In the witness stand yesterday, former Galleon portfolio manager Adam Smith told jurors about the world inside Raj Rajaratnam's hedge fund.
Londons Man Group performed an nifty feat of media management today.
Hong Kong and Singapore have doubled in size as centres for the world’s biggest hedge funds over the past 12 months — at the expense of London and New York. The Financial Times reports.
Top hedge fund managers are eager to bid on subprime-mortgage bonds held by the Federal Reserve.
Some of the world’s largest hedge funds and private equity groups have held talks with Spain’s troubled savings banks as they rush to secure €15 billion ($21.3 billion) in new capital to avoid a state bail-out, Financial Times reports.
Deadlines are quickly approaching for the majority of private hedge funds to register with the securities and exchange commission, which mandates more disclosure requirements over the $1.3 trillion hedge fund industry, as a result of the implementation of the Dodd-Frank financial overhaul law.
Goldman Sachs chief Lloyd Blankfein admitted that not all Goldman Sachs clients are created equal in the eyes of the firm.
I'm not sure if prosecutors are doing an effective job of proving the case against Raj Rajaratnam. But they certainly have proved that Rajat Gupta was a bad seed.
Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!
After one week of testimony in the insider trading trial of Galleon Group co-founder Raj Rajaratnam, one thing is clearer than ever: In the brutally competitive world of hedge funds, information is everything. A jury will ultimately decide whether the information Rajaratnam got—and made millions trading with—was illegal inside information. But there is no disputing that he went to great lengths to get it.
A wiretapped telephone conversation played earlier this week during the trial of Galleon founder Raj Rajaratnam reveals then-Goldman Sachs director Rajat Gupta disclosing confidential board information to Rajaratnam in 2008.
Anthony Scaramucci says prominent hedge funds located in Japan are putting on this trade.
A taped conversation played for jurors in the criminal insider trading trial of hedge fund manager Raj Rajaratnam Tuesday indicated the Goldman Sachs board had a "divided" discussion in the summer of 2008 about trying to buy a commercial bank such as Wachovia.
Here's what you should be watching Wednesday, March 16.
There is another problem building, and some fear it could lead to a much more widespread crisis in financial assets.
Rajat K. Gupta, the former Goldman Sachs director accused by the government of passing insider information about the Wall Street firm, had tried to resign from the Goldman board in the middle of the 2008 financial crisis, only weeks before he is said to have provided the tips to the hedge fund manager Raj Rajaratnam, the New York Times reports.
Why this particular group is hot right now and how Cramer recommends trading it.
Fairfax Financial's lawsuit against hedge fund manager Daniel Loeb has just gotten uglier.
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