AIG missed estimates with first-quarter adjusted earnings of 65 cents per share, but continued to cut expenses. » Read More
SAN JUAN, Feb 11- Billionaire investor John Paulson, who has invested in hotels and other properties in Puerto Rico, said on Thursday he would consider moving to the U.S. territory as he finds the lifestyle very attractive. Paulson, speaking at an investor conference in San Juan, has bet that Puerto Rico, battling a fiscal crisis, will be able to attract fresh visitors...
Amanda Cantrell, "Alpha Magazine," shares the results of its annual hedge fund report card where investors grade the top and worst-performing funds.
NEW YORK, Jan 29- Samantha Greenberg, a partner at $16.2 billion Paulson& Co., is leaving to launch her own hedge fund firm, according to people familiar with the situation. Greenberg and a spokesman for Paulson, led by billionaire John Paulson, declined to comment. She was named to the Hedge Fund Journal and Ernst& Young's 50 Leading Women in Hedge Funds for 2013.
NEW YORK, Dec 24- This year, betting on corporate takeovers and restructurings should have been a sure thing for investors as the value of deals soared to record levels. "It turned out to be a very challenging year," said Tristan Thomas, who helps clients select hedge funds at Northern Trust's 50 South Capital. Since January 2010, event driven hedge funds gained an...
This is what you need to consider if you are dedicating your billions to philanthropy, the FT reports.
NEW YORK/ BOSTON, Dec 11- Valeant Pharmaceuticals International Inc investors are turning up the pressure on the drugmaker to produce a detailed plan on how it will deliver profit growth in 2016.. Investors said Wall Street wanted three things from Wednesday's meeting: a 2016 forecast for earnings around $14 per share versus the $11 projected for 2015, no more...
Nov 23- Activist investor Carl Icahn said he may propose adding a new director to American International Group's board, saying Peter Hancock, AIG's chief executive, was unlikely to "sincerely consider" his suggestion to split the company into three. Icahn disclosed on Monday that he owned 42 million shares in AIG as of Oct. 28, which would make him the insurer's...
NEW YORK, Nov 16- Soros Fund Management LLC sold its stakes in two gold miners while hedge fund Paulson& Co cut its stake in another as bullion prices fell to 5-1/ 2- year lows, filings with the U.S. Securities and Exchange Commission showed on Monday. Paulson& Co reduced its stake in AngloGold Ashanti Ltd by 1 million shares during the quarter while CI Investments Inc,...
NEW YORK, Nov 16- Hedge fund Paulson& Co held its stake in the gold-backed exchange-traded fund SPDR Gold Trust in the third quarter of 2015, a filing with the U.S. Securities and Exchange Commission showed on Monday.
AIG posted earnings below analysts' most pessimistic estimates and announced restructuring, which a source said includes job cuts.
AIG is considering spinning off or selling its mortgage insurance segment amid pressure to split, according to a report.
Sen. Rand Paul of Kentucky addresses the main problem of mounting Medicare costs for the average American.
Agricultural giant Monsanto reportedly made a $45 billion bid for Syngenta in May but was rebuffed.
Billionaire John Paulson has pledged to donate $8.5 million to Success Academy Charter Schools for schools in NYC.
Billionaire hedge fund manager John Paulson is setting up to bet more on Europe with a new "event" fund.
Billionaire investor John Paulson is looking to make more money on health care.
The donation comes from John Paulson, the billionaire money manager behind Paulson & Co., who graduated from Harvard Business School.
Carl Icahn's big bet on Apple is now one of the greatest trades of all time.
Seven years removed from a near-death experience during the financial crisis, Ken Griffin's Citadel is more powerful than ever.
Hedge funds that catch macroeconomic trends using algorithms made a killing in the first quarter, besting other investing styles.