Obama's approval rating may have hit a new low, but he still attracted big money Democrats at a fundraiser in Manhattan.» Read More
A new region has recently taken over as the most attractive emerging market, according to a recent survey, and the returns are proving it.
NEW YORK, Nov 21- A top lieutenant at Steven A. Cohen's SAC Capital Advisors will leave the hedge fund in the new year as the once $15 billion firm converts to a family office, according to a memo sent to employees and seen by Reuters. Sol Kumin, the firm's chief operating officer, will leave SAC in January, the memo from Cohen said.
The founder of hedge fund consulting firm SFC Associates and author of numerous books on investing was arrested in his Manhattan apartment in July of last year after police, acting on a search warrant, found numerous illegal videos and images on his computer, the New York City police department said.
TriArtisan is in the lead to acquire CKE, the restaurant group that owns the Carl's Jr. and Hardees fast food chains, according sources.
Former Treasury Secretary Tim Geithner had offers from some of the biggest firms on Wall Street. So why did he choose a low-key equity firm?
Former Treasury Secretary Timothy Geithner will join private equity firm Warburg Pincus. CNBC's Steve Liesman provides perspective.
Former Treasury Secretary Timothy Geithner has taken a job as president of the private equity firm Warburg Pincus.
Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.
*J.C. Penney, FedEx gain on hedge fund stakes. Federal Reserve Chair nominee Janet Yellen told a Senate Committee that the central bank's economic stimulus would continue and several key important investors disclosed stakes in companies like J.C. Penney and Exxon Mobil.
Mark Megalli, an investment professional with the hedge fund Level Global Investors LP, obtained inside information that helped his firm avoid about $2.4 million in losses and make $853,655 in ill-gotten profits, the SEC said in a statement.
*Japan one of industry's best bets in 2013. LONDON/ HONG KONG, Nov 15- Japan, a frustration for the world's sharpest hedge fund minds for more than a decade, is proving one of the industry's biggest winners this year.
Hedge funds Highfields Capital, Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator, and Glenview Capital, already a big owner, added to its holdings.
NEW YORK/ BOSTON, Nov 14- Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd, J.C. Penney Co and Sotheby's. Ellington Management Group LLC, a $5.5 billion investment firm founded by Michael Vranos, took a new position in auction house Sotheby's, as did Eric Mindich's Eton Park Capital Management.
NEW YORK, Nov 14- Hedge funds including Eton Park Capital Management and Ellington Management Group took new positions in Sotheby's during the third quarter, joining activist investor Daniel Loeb as he pushes for change at the 269- year-old auction house.
BOSTON/ NEW YORK, Nov 14- Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd, J.C. Penney Co and Sotheby's.
That's the upshot from hedge fund guru Ray Dalio, who thinks investing alpha, or outperformance, will be in short supply in coming years. Dalio, the founder of $120 billion hedge fund firm Bridgewater Associates, thinks the Fed is getting diminishing returns from its bond buying.
The SEC on Tuesday said it entered a deferred prosecution agreement with Scott Herckis, a certified public accountant from Stamford, Connecticut, for his "voluntary and significant cooperation" that helped halt a fraud by Berton Hochfeld, founder of the hedge fund Heppelwhite Fund LP.
Investing in private equity funds may not be so great after all, according to new research.
Michael Abraham, co-head financial sponsors at UBS, says the private equity market is "very active" and benefitting from the "buoyant IPO market".
Private equity has been generating big returns for big pension funds, but 401(k) investors have been left out of the game—until now.