Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts.
Rest in fees.
Third Point, founded by Dan Loeb, said hedge funds are in the first stage of a "washout" after "catastrophic" performance this year. The $2.9 trillion hedge fund industry had the worst start to a year in returns and outflows in at least seven years. Show More Summary
Billionaire hedge fund manager Carl Icahn CNBC’s Scott Wapner that he believes in commodity stocks but also that, "There will be a day of reckoning unless we get fiscal stimulus." Read More »
When Henry Garrido, the executive director of the largest municipal employees union in New York City, learned a year ago what a raw deal investing in hedge funds had been for his union’s pensioners, he couldn’t restrain himself. In a fit of pique, Garrido suggested it wouldn't be wrong for ... More »
Hedge funds are having a major comeuppance. Couldn't happen to a nicer bunch.
Another update on the recent struggles of hedge funds: Bloomberg reports that investors have asked for $1.4 billion back from Brevan Howard Asset Management’s flagship hedge fund Sabrina Willmer and Nishant Kumar report that the Brevan Howard Master Fund will need to meet the redemption requests by June. Assets for the fund are down to […]
A Hedge Fund Herd Loses Billions | Facebook Plans to Solidify Founder’s Control
The crowding phenomenon comes amid a backdrop of turbulence for the hedge fund industry, where some of the biggest names have reported double-digit losses.
While Valeant Pharmaceutical executives and hedge fund billionaire and company board member Bill Ackman were getting grilled by US Senators, the company dropped an important filing It turns out that the new CEO, Joe Papa, who startsShow More Summary
Valeant Pharmaceuticals' outgoing CEO Mike Pearson, the company's former interim CEO Howard Schiller, and board member and hedge fund billionaire Bill Ackman, are all testifying before the US Senate right now. They're answering questions...Show More Summary
Fresh off one of the biggest Wall Street drubbings in recent memory, Valeant Pharmaceuticals is in to Washington to defend itself against accusations the company is little more than a price-gouging, drug industry hedge fund of sorts...
Hedge fund billionaire Bill Ackman will testify before the US Senate Special Committee on Aging on Wednesday. He's been called to speak about one of his major investments, Valeant Pharmaceuticals, and Massachusetts Sen. Elizabeth Warren...Show More Summary
Clintonian cognitive dissonance is BACK!
Barclays tops estimates; Loeb says hedge funds are in 'catastrophic' period; Guy Got Scary Mad When Told To Stop Having Sex In Public Pool: Cops; and more.
Hedge fund's CEO, three other independent directors to join Yahoo's board.
Yahoo on Wednesday announced a deal that should end a nearly year-long tussle with a New York hedge fund that had threatened to unseat its entire board. Starboard Value has been a vocal critic of the tech giant, which has struggled to...Show More Summary
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours. To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here. Yahoo finally caved. The tech company has...Show More Summary
Starboard Value, a New York hedge fund, has gained four seats on Yahoo's board.