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Asset Management and Custody Banks

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  • Hedge Fund Billionaire Loeb: Sony Reminds Me of Yahoo Wednesday, 15 May 2013 | 12:05 PM ET
    Daniel Loeb, founder and chief executive officer of Third Point LLC

    Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.

  • Hedge Fund Billionaire Paulson Glosses Over His Losses Thursday, 9 May 2013 | 1:32 AM ET

    Days after reporting some of the industry's deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term.

  • Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.

  • Some Verizon Investors May Accept Vodafone Premium Monday, 6 May 2013 | 1:34 AM ET

    Some shareholders of Verizon Communications say they could be happy for the company to pay up to $130 billion for Vodafone Group's stake in their U.S. wireless venture.

  • JPMorgan Shareholders Urged to Reject 3 Directors Sunday, 5 May 2013 | 4:51 AM ET
    Jamie Dimon listens during a panel discussion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland.

    JPMorgan shareholders should vote against the re-election of three board members, an influential proxy advisory firm said.

  • Indian Hedge Funds Dare Where Others Fear to Tread Sunday, 28 Apr 2013 | 6:39 PM ET

    Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance - including to competitors.

  • Hedge Funds Show No Fear Over Gold's Plunge Sunday, 21 Apr 2013 | 4:24 PM ET

    Hedge funds plowed new money into gold even after it posted a record loss last week, according to trading data that also showed inflows for many other commodities.

  • Haruhiko Kuroda

    Bank of Japan Governor Haruhiko Kuroda played down concerns his burst of monetary stimulus would create asset-price bubbles even as it delivered an immediate pay-off in global markets, with government bond yields at a record low, the yen hitting a 3-1/2 year trough and stocks surging to multi-year highs.

  • 'Like a Funeral': Cyprus Bank Counted Down Brutal Death Wednesday, 3 Apr 2013 | 5:41 AM ET
    Bank of Cyprus, also known as Laiki

    The death of Laiki, also known as Cyprus Popular Bank, was brutal. Board members said they had fought to the bitter end.

  • Breaking Ground: Stockton Bankruptcy Is Approved Monday, 1 Apr 2013 | 3:48 PM ET

    It's official: Stockton, Calif., will become the nation's most populous city to enter into bankruptcy protection after getting clearance from a federal judge on Monday.

  • Stakes Are High as Judge Weighs Stockton Bankruptcy Monday, 1 Apr 2013 | 12:20 PM ET

    The Chapter 9 bankruptcy case for Stockton, Calif., is being closely watched nationally. At issue: Does federal bankruptcy law trump the California law that says debts to the state pension fund must be honored?

  • Fugitive Hedge Fund Manager Arrested in Italy Sunday, 10 Mar 2013 | 5:36 AM ET

    German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.

  • Carl Icahn Takes a 12.9% Stake in Herbalife Thursday, 14 Feb 2013 | 7:16 PM ET
    Carl Icahn, billionaire investor and chairman of Icahn Enterprises Holdings LP.

    Carl Icahn bought 14 million shares of Herbalife, making a major bet against Pershing Square's Bill Ackman, who is short the stock. The two had an epic showdown on CNBC last month .

  • Big Hedge Funds Fueled Apple's Share Plunge Thursday, 14 Feb 2013 | 3:38 PM ET
    The Apple Store in Los Angeles, California.

    Some of the biggest hedge funds that helped make Apple a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.

  • Three of Dell's largest investors joined Southeastern Asset Management on Friday in objecting to a $24.4 billion buyout of the No. 3 PC maker led by Chief Executive Michael Dell, sources said, as opposition grows to the largest buyout since the start of the financial crisis.

  • Hedge Funds Up Bets Against Italy's Monte Paschi Sunday, 3 Feb 2013 | 9:24 AM ET

    London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.

  • BlackRock to Buy $80 Million Twitter Stake Friday, 25 Jan 2013 | 7:34 PM ET

    BlackRock has taken an $80 million stake in Twitter, a person with knowledge of the deal said. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options.

  • Apple Earnings Need to Overcome Technical Malaise Tuesday, 22 Jan 2013 | 9:38 AM ET
    Apple headquarters in Cupertino, California.

    Even though it is widely viewed to be undervalued Apple shareholders could still be in for more rough times if technical strategists are right.

  • Spain's largest bank Santander will cut 3,000 jobs following its planned merger with its Banesto subsidiary, Cinco Dias reported on Friday, citing sources from unions and close to the bank.

  • Porsche Wins Dismissal of Hedge Fund Lawsuit on VW Thursday, 27 Dec 2012 | 11:11 PM ET

    Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.