FedEx CEO Fred Smith also told CNBC he's "flattered" that Dan Loeb has taken a major stake in the company.» Read More
NEW YORK, July 3- The SEC has ended a probe of a central witness it intends to call at this month's fraud trial against former Goldman Sachs Group Inc vice president Fabrice Tourre for his role in a notorious 2007 debt instrument that hedge fund billionaire John Paulson successfully shorted.
Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent.
NEW YORK, June 30- Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter said on Sunday.
But Tourre's lawyers say that Schwartz has a motive to "shade her testimony" because she is herself under investigation by the SEC in a similar case.
MONACO, June 18- Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
The billionaire bet more heavily on mortgage insurers, suggesting he expects the housing recovery to continue.
Gary Kaminsky, Morgan Stanley vice chairman, shares some of the untold stories from some of the biggest names in the hedge fund industry.
Hedge fund manager John Paulson told investors to expect continued, short-term volatility in gold as well as further consolidation in the telecom business in the wake of a MetroPCS Communications merger with Deutsche Telekom's T-Mobile unit that was approved earlier in the day.
The hedge fund Paulson & Co's investor call just ended and Jim Paulson noted he is the biggest investor in MetroPCS, reports CNBC's Kate Kelly.
CNBC's Kate Kelly reports hedge fund manager John Paulson wants to recast the firm as a mergers and acquisitions strategist, and is still positive on gold over the medium to long term.
Nationalists in Kyrgyzstan are threatening to return to the streets to topple another government unless it expropriates the Kumtor goldmine, a treasure they say was sold off too cheaply to foreigners.
Steven A. Cohen is known for his rapid-fire trading style at his hedge fund SAC Capital Advisors. He seems to be taking a similar approach with recent purchases. The NY Times reports.
Hedge fund heavyweight and lifelong New Yorker John Paulson is reportedly ditching Park Avenue for Palm Trees, reports CNBC's Robert Frank.
CNBC's Kate Kelly reports hedge fund manager John Paulson revealed some of his latest holdings last night and told investors why he's bullish on gold and housing.
CNBC's Kate Kelly reports John Paulson is calling for a bottom in housing and he's bullish on the U.S. economy and energy. Paulson's recent slump has some questioning his call.
*Some big-name Romney backers will be watching from Boston. Now, some heavyweights of the $2 trillion industry plan to break out the champagne and party in style Tuesday night as they cheer on their man at events in Boston, New York and even Las Vegas, according to people familiar with the Romney campaign and some of the big contributors.
Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.
Fed up with lagging returns at the hedge fund, investors large and small are opting to either reduce their capital at risk or yank it entirely by year’s end.
A wrong bet on Europe burned Paulson badly last year, so he shored up his risk controls and hedges. But this year, a combination of hedging costs and battered gold-mining stocks have given his funds another bruising, reports CNBC's Kate Kelly.
CNBC's Kate Kelly reports investors in the billionaire's hedge fund are losing patience with the fund's performance.