Ironically, the bank suffered huge losses in an internal fund set up to hedge its own capital against potential risks. By Zachary Karabell.
It's not just hedge funds that are profiting by taking the other side of JP Morgan's losing billion dollar trade. Dozens of banks including Goldman Sachs and Bank of America have collectively made between $500 million to $1 billion ... Read Post
(NEW YORK) — A huge Connecticut-based hedge fund owned by an embattled billionaire is facing insider-trading charges. Federal authorities in New York City announced the criminal charges against SAC Capital Advisors on Thursday. SAC ... Read Post