The small group of hedge funds betting on a Greek recovery remain in the trade despite a looming default deadline.» Read More
U.S. futures trimmed gains on mostly weak U.S. data but still signaled a mildly higher open as investors welcomed comments from Yellen's speech.
MILAN, Feb 12- UniCredit has signed a deal to sell its UCCMB bad loan management unit and a pool of non-performing loans to U.S. investment firm Fortress Investment Group, as the Italian bank sheds non-core assets to boost its balance sheet. UniCredit said on Thursday the bad loan portfolio being sold had a gross book value of 2.4 billion euros.
Major investment banks and money center banks are not the best way to play Wall Street's success six years into a bull market, JMP Securities said.
Research shows that the wealthy investor with $10 million in investable assets has highly concentrated holdings and less than 25% in stocks.
Despite recent ups and downs, hedge funds are now more in love with Japan than at any time in the last decade.
Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.
Hedge funds designed to profit from choppy and down markets have mostly underwhelmed in October.
The big "bucks" keep flowing from Manhattan to Milwaukee with Jamie Dinan joining Marc Lasry and Wes Edens as an owner of the NBA's Bucks.
Fortress Investment Group executive Gareth Henry thinks Brazil is the best place to invest in over the next year.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Accounting giant Ernst & Young will pay $4 million to settle civil charges that it violated auditor independence rules, U.S. regulators said.
A draft plan to boost Japanese growth promises to overhaul corporate governance and promote technology but it leaves many questions unanswered.
Fortress Investment Group LLC is reportedly considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village.
Some of the names on the move ahead of the open.
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.
SkyBridge's SALT Las Vegas has a lagging younger sibling, SALT Singapore.
Quiznos is preparing to file for bankruptcy within a few weeks as it battles with declining sales, The Wall Street Journal reported.
The CEO of a $5 billion hedge fund can expect to make between $7 million and $10 million if the fund returns just 10 percent.
Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.
The Foreign Corrupt Practices Act is hampering U.S. business expansion abroad, especially in the gambling industry. Now bets are moving to Asia.