Ironically, the bank suffered huge losses in an internal fund set up to hedge its own capital against potential risks. By Zachary Karabell.
(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
Ever since word got out that hedge fund BlueMountain Capital Management was helping JP Morgan exit its ugly $6 billion trading loss last year everyone has been wondering exactly what the firm does. Well Bloomberg Markets Magazine ha... Read Post
NEW YORK (Reuters) - Citigroup has told the U.S. appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk a... Read Post