SAC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating unconditionally with the government’s insider trading investigation. “In the pastShow More Summary
When baseball players haggle with teams over contracts, it is often described as "millionaires fighting with billionaires." But in reality, there are surprisingly few billionaire owners in baseball. When Forbes.com recently releasedShow More Summary
The Koch Brothers seem to be in the middle of a strategy shift. Previously the billionaire oil barons who made their money the old fashioned way (they inherited it) used various think tanks like the Cato Institute and the Reason Foundation to launder their deregulation and tax cut agenda. Show More Summary
Commerce secretary nominee discloses her financial holdings How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Show More Summary
Mark Cuban is crowdsourcing a new uniform design for the Dallas Mavericks, but the billionaire entrepreneur warned: the winning designer’s sole reward will be bragging rights, although he “may even throw in some tickets.” Now a Chicago-based...Show More Summary
Billionaire Larry Ellison has hired UC San Diego energy expert Byron Washom to help fulfill his vision of sustainable energy for the Hawaiian island of Lanai, according to the Honolulu Star-Advertiser.
SolarCity, the solar power utility venture backed by billionaire tech investor Elon Musk, has found itself a new financial backer with even more wealth at its disposal: Goldman Sachs. On Thursday, SolarCity announced that Goldman has...Show More Summary
Every quarter, many money managers have to disclose what they've bought and sold, via "13F" filings. Their latest moves can shine a bright light on smart stock picks. Today, let's look at investing giant John Paulson. Founded in 1994 and owned by its employees, Paulson & Co. Show More Summary
You can get some interesting ideas by watching what the big guys are doing.
Instead of playing the Powerball, I pay a billionaire one dollar every week for the chance to guess the combination to his wall safe.
The Wall Street Journal's Brad Reagan has a monster profile of hedge funder and former Enron natgas trader John Arnold about his plan to change the way billionaires donate their money. Arnold's plan, Reagan writes, is to take on massive...Show More Summary
After five years, Jean Claude Gandur is back in the game. The Swiss billionaire made the bulk of his $2.1 billion fortune (as of Forbes’ last count) selling publicly traded Addax Petroleum to Sinopec in 2008 for $7.2 billion. And this week he finally returned to the public markets, bringing in $250 million through the initial [...]
Elliott Management, a hedge fund managed by billionaire Paul Singer since its founding in 1977, has filed its 13F for the first quarter of 2013 (see the filing on the SEC’s website). These filings disclose many of a hedge fund or other major investor’s long equity positions as of the end of a quarter; there [...]
Often, when we hear of some finance wizard accumulating a vast fortune at a young age just by moving money around, we grumble, "That rich asshole should just retire and give all his money away to charity." To our amazement, one richie is doing exactly that! Meet James Arnold, the billionaire who acts how you wish billionaires would act. Read more...
Brescia was a leader of Peru’s wealthiest family and one of the heads of Grupo Breca, a diversified holding company. His sisters, Ana Maria and Rosa, are each billionaires.
We track quarterly 13F filings from hundreds of hedge funds and other notable investors as part of our work researching investment strategies (we have found, for example, that the most popular small cap stocks among hedge funds outperform the S&P 500 by an average of 18 percentage points per year). We also like to take [...]
(MILAN) — Silvio Berlusconi‘s private disco featured not only aspiring show girls performing striptease acts as sexy nuns and nurses, but also dressed as President Barack Obama and a prominent Milan prosecutor whom the billionaire media...Show More Summary
Transocean Ltd. shareholders voted in favor of one of billionaire investor Carl Icahn’s three board nominees, while rejecting his proposal for a $4-a-share annual dividend.
David Tepper runs Appaloosa Management, one of the largest and most profitable hedge funds. Apple Inc. (NASDAQ:AAPL) has been one of Appaloosa’s biggest holdings in recent years. On Wednesday, the fund’s 13F filing revealed that Appaloosa had sold a lot of its Apple stock last quarter — about 40% of the fund’s position. But Tepper [...]
Several weeks after the end of each quarter, hedge funds such as billionaire Steve Cohen’s SAC Capital Advisors file 13Fs with the SEC to disclose many of their long equity positions as of the end of the previous quarter. We track these filings in our database and use them to develop investment strategies; we have [...]