NEW YORK, May 9- Investors in Steven A. Cohen's SAC Capital Advisors will get a bit more time during the second quarter to decide whether to withdraw money from the $15 billion hedge fund. A source familiar with the hedge fund said on Thursday that the deadline for submitting redemption notices before the end of the quarter on June 30 was extended to June 3 from May 14.
Billionaire Falcone and his hedge fund, Harbinger Capital Partners, have agreed to pay $18 million to settle two lawsuits brought by the U.S. Securities and Exchange Commission, according to a filing by Harbinger Group Inc, a publicly traded investment company where Falcone is chairman and chief executive officer.
Falcone and his hedge fund, Harbinger Capital Partners, have agreed to pay $18 million to settle two lawsuits filed by the U.S. Securities and Exchange Commission, according to a filing by Harbinger Group Inc, a publicly traded investment company where Falcone is chairman and chief executive officer.
Now these same funds may be poised to descend on another landscape: struggling cities and counties- and no place beckons more than Detroit.
NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
NEW YORK, May 7- Hedge fund billionaire John Paulson is one of the biggest losers in this year's gold rout, with his gold fund of under $1 billion losing 27 percent in April alone, according to performance figures provided by a person familiar with the fund.
NEW YORK, May 7- Hedge fund billionaire John Paulson is one of the biggest losers in this year's gold rout, with his gold fund of under $1 billion losing 27 percent in April alone, according to performance figures provided by a source familiar with the fund.
May 3- Hedge-fund manager Jeffrey Vinik plans to close Vinik Asset Management after poor performance that coincided with several changes at the firm, the Wall Street Journal reported on Friday. Vinik plans to return several billion dollars to outside investors at the end of June, the newspaper reported.
May 3- Influential U.S. proxy advisory firm ISS recommended that Hess Corp shareholders elect five new board members nominated by activist hedge fund Elliott Management, arguing that those nominees are best qualified to effect a turnaround at the oil and gas company. A third advisory firm, Egan Jones, has backed Hess' nominees.
May 3- Influential U.S. proxy advisory firm ISS recommended that Hess Corp shareholders elect five new board members nominated by activist hedge fund Elliott Management, saying the nominees are best qualified to effect a turnaround at the oil and gas company. A third advisory firm, Egan Jones, has backed Hess' nominees.
Hess plans to split the roles of chief executive and chairman, countering efforts by an activist investor to shake up management at the oil and gas producer.
By Nishant Kumar and Tommy Wilkes. HONG KONG/ LONDON, May 2- Hedge fund firm Centaurus Capital is returning external investors all of their money after clashes with them over where the best money-making opportunities lay, a source familiar with the firm said. Centaurus will also close its Asia office in Hong Kong, four sources familiar with the matter said.
LONDON/ HONG KONG, May 2- Hedge fund firm Centaurus Capital is returning all money to external investors after disagreements with clients about where the best money-making opportunities lie, a source familiar with the firm said. Centaurus will also close its Asia office, three separate sources familiar with the matter said.