Citigroup says it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the SEC, according to the WSJ.» Read More
The federal judge overseeing Argentina's bond dispute called a hearing after creditors claimed Argentina was ignoring his past orders.
The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..
HOFFMAN ESTATES, Ill.— Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. Sears, controlled by billionaire hedge fund investor Edward Lampert, lost $573 million, or $5.39 per share, for the period ended Aug. 2.
A lot more money might be required to invest in private funds given new rules under consideration at the SEC.
LONDON, Aug 20- Commodity hedge fund Krom River is determined to stay the course in uncertain conditions despite a hefty sectoral slide, hoping for fresh inflows from investors fearing a retreat in equities.
Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.
Bowing to pressure from investors, PetSmart Inc. said Tuesday that it is considering putting itself up for sale. Investment firm Longview Asset Management and hedge fund Jana Partners have both called on PetSmart to sell itself, a move they say would benefit shareholders.
ISDA's 15-member determinations committee voted unanimously Tuesday to postpone the auction until at least after Sept. 2.
TALLAHASSEE, Fla.— A California billionaire environmentalist is pouring millions of dollars into the Florida governor's race to buy television ads attacking Gov. Former hedge fund manager Tom Steyer has put both Scott and the Florida Republican Party on the defensive, prompting them to hit back with their own ads attacking Steyer as a hypocrite.
Investment managers love bets made by both billionaire activists, according to a new analysis of top hedge fund stock positions.
BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset Management, Point72 said on Monday.
BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down and left successor organization Point72 Asset Management, it said on Monday.
Tom Conheeney is stepping down today as Point72 Asset Management president. CNBC's Kate Kelly reports Conheeney will stay on as an advisor until the end of the year.
Tom Conheeney, the longtime president of SAC Capital, is stepping down from the No. 2 spot at the former hedge fund's successor company, Point72.
*Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.
CNBC's Kate Kelly explains why Puerto Rico is the next big battleground for hedge funds.
Tepper, who made an eye-popping $3.5 billion in 2013, shed multiple positions in the second quarter.
CNBC's Kate Kelly reports on George Soros' huge bearish position on the S&P 500, suggesting he thinks the market may be in for a drop.
BOSTON, Aug 14- Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarter.
Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.
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Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
Investors may be warming up to the stock market, but they're taking the safe way in.
Most Americans don't realize stocks gained 30 percent in 2013, and only 1 in 9 call themselves savvy on investing, a survey said.