A new report on the hedge funds industry underscores just how big it is: $2.6 trillion in 11,000 funds.» Read More
Pavle Sabic, financial risk manager at S&P Capital IQ, says that Allergan and Apple were the U.S. leading hedge funds' top buys in the second quarter and reveals who the best performing hedge funds are.
Investing with top performing managers after a great run is probably a bad idea, according to a new study of long-term hedge fund performance.
A lawsuit filed by four hedge funds, including George Soros's Quantum Partners, accuses BNY Mellon of acting to "protect its own interests".
RIO DE JANEIRO, Aug 27- Brazilian presidential candidate Aecio Neves said on Wednesday hedge fund founder and former central bank chief Arminio Fraga would be his finance minister if he wins an Oct. 5 election.
*Rokos suing Brevan Howard to overturn non-compete agreement. *Brevan Howard says Rokos seeks to avoid "responsibilities". Rokos's surname is represented by the letter R in Brevan Howard and he was marketed by the firm as a "star trader" who was paid $900 million during his stint at the hedge fund.
Jefferies is backing a former senior SAC executive despite its own struggle with insider trading at an internal hedge fund.
NEW YORK, Aug 25- The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six-year rally which has benefited many Americans from Wall Street to Main Street. "I continue to think this bull market has several years to go," said Steven Einhorn, vice chairman of hedge fund Omega, which manages $10.5 billion.
NEW YORK, Aug 25- The U.S. S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six year rally which has benefitted many Americans from Wall Street to Main Street. "I continue to think this bull market has several years to go," said Steven Einhorn, vice chairman of hedge fund Omega, which manages $10.5 billion.
Hedge funds that bet on corporate shake-ups have long been industry darlings, and clients remain bullish despite July losses.
BOSTON/ NEW YORK, Aug 22- Investors owning 31 percent of Allergan shares have asked the Botox maker to call a special shareholder meeting, activist shareholder William Ackman said on Friday, giving the hedge fund manager a victory in his fight to acquire the Botox maker.
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.
NEW YORK, Aug 21- Hedge funds negotiating with Puerto Rico's public power authority PREPA over a possible restructuring of more than $8 billion in bonds include two involved in Argentina's protracted bond negotiations, Knighthead Capital Management and Redwood Capital Management, according to the full bondholder agreement published on Thursday.
Aug 21- Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the U.S. Securities and Exchange Commission, the Wall Street Journal reported.
Judge Thomas Griesa said Argentina cannot change the debt's domicile after meeting with the country's counsel and debt holdouts on Thursday.
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.
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