Kate Kelly joined CNBC in May 2010 as a reporter focusing on hedge funds and Wall Street. She appears during CNBC's business day programming and contributes to CNBC.com.
Previously, Kelly was a staff reporter for The Wall Street Journal, where she spent a decade. She covered numerous firms for the Journal including Goldman Sachs and Morgan Stanley as well as the movie business and the New York Stock Exchange. Before joining the Journal in 2001, she was a writer and reporter for Time magazine and, before that, a reporter at The New York Observer.
She has won a number of prestigious awards, including two Gerald Loeb Awards, four awards from the Society of American Business Editors and a Livingston Award for Young Journalists in the national reporting category.
She also has been honored by the Newswomen's Club of New York, the Medill School of Journalism and the New York City Deadline Club. She is the best-selling author of "Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street" and she released her second book, "The Secret Club That Runs The World: Inside the Fraternity of Commodity Traders," in June 2014.
Kelly holds a bachelor's degree from Columbia College at Columbia University.
Follow Kate Kelly on Twitter @katekellycnbc.
Many of Paulson & Co.’s investors hung with it last year despite an annus horribilis in which the company’s flagship hedge fund lost 35 percent. But with returns continuing to sag amid a rising equities market, some of those investors are now jumping ship.
It was Goldman Sachs that helped Knight Trading Group to unwind its inadvertent purchase of 148 stocks on Wednesday, say people familiar with the matter, and the bank charged the smaller brokerage $440 million for the transaction – an agreement that has left Knight scrambling for extra cash.
Addressing its so-called London Whale trades in detail for the first time, the New York hedge fund BlueMountain Capital Management called JP Morgan’s misguided investments in a corporate derivatives index “dumb” but also unimportant in the context of an “otherwise robust bank.”
Morgan Stanley officials are in advanced talks with a Middle Eastern sovereign-wealth fund, the Qatar Investment Authority, about selling part or all of its commodities unit, say several people familiar with the matter, and a deal could be imminent.