A struggling hedge fund has lost a portfolio manager to Ken Griffin's $26 billion Citadel. The portfolio manager, Jennifer Pollak, is moving from Folger Hill Asset Management to a Citadel stock-picking unit, Aptigon. Citadel confirmed...Show More Summary
Billionaire hedge fund manager George Soros said Theresa May is unlikely to last long in power with a divided cabinet and slim parliamentary majority. "It is unlikely that Prime Minister May is actually going to remain in power," Soros,...Show More Summary
A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York-based hedge fund’s closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob...
Senate Democrats were presented with an easy opportunity on Thursday to deflate the populist bluster of the incoming Trump administration. For more than 5 hours, a second-generation ex-Goldman Sachs partner and hedge fund manager who...Show More Summary
A onetime portfolio manager at a New York hedge fund that shuttered last year amid an insider trading scandal has been found guilty of federal securities fraud charges, according to a Bloomberg News report. Stefan Lumiere was found guilty...Show More Summary
U.S. Treasury Secretary nominee Steven Mnuchin said on Thursday he would work to eliminate the need for offshore tax havens, as Democratic senators accused the Wall Street veteran of using such vehicles to shelter hedge fund money from the government. In a confirmation hearing before the Senate...
With storm clouds already building above the hedge fund industry, which as reported last night posted deplorable results in 2016 as only 32% of fundamental and quantitative funds outperformed their benchmarks according to JPM data -Show More Summary
Former Goldman Sachs senior manager and hedge fund investor Steve Mnuchin will appear before the Senate Finance Committee for a hearing about his nomination to lead the U.S. Treasury Department for the Donald Trump administration.
Goldman Sachs Group Inc. (NYSE: GS) alum and SkyBridge Capital hedge fund founder Anthony Scaramucci will soon be an advisor to President-elect Donald Trump. The post Say Bye Bye To Fiduciary Rule – Trump’s New Assistant Scaremuch Would Lose Big Under It was originally published at The Wall Street Examiner. Follow the money!
LONDON — A fund run by famed London investor Crispin Odey had one of its worst years ever in 2016, according to an investor letter seen by Business Insider. Odey Asset Management's OEI Mac fund, which is managed by the hedge fund's founder...Show More Summary
Two months ago, when looking at the monthly Evestment hedge fund fund flow report, we reported that investors had redeemed a net $14.2 billion from the industry in October, the fourth consecutive month of redemptions, bringing Year-to-date HF outflows to a net $77 billion removed from the industry. Show More Summary
According to Societe Generale’s monthly Hedge Fund Watch report, hedge fund positions, either long or short, tend to reveal valuable insights on financial market. So with less than two days to go until Donald Trump takes the oath ofShow More Summary
In a letter to investors, hedge fund guru David Einhorn says he is prepared for a few different scenarios under a Trump presidency, which officially begins when “The Donald” takes the oath of office on Friday. To that end, he is bullish...Show More Summary
Hedge funds are piling into the same bets ahead of the inauguration of President-elect Donald Trump. There are "extreme market positions in all asset classes," according to Societe Generale. It said the "extreme positioning inevitably...Show More Summary
A hot new hedge fund says the tech industry is up for a wave of deals worth billions of dollars — and it is betting big on companies that could benefit. Margate Capital, a New York fund launched last year by former Paulson & Co. partner...Show More Summary
The Chinese conglomerate is taking a stake in a Trump adviser’s hedge fund, SkyBridge, hoping to make a friend as it tries to expand in the United States.
Pershing Square Capital Management and nine other investment firms have agreed to settle “pay-to-play” charges with the SEC, agreeing to pay fines that totaled more than $660,000. Bill Ackman’s hedge fund agreed to pay $75,000. In the...Show More Summary
By Jesse Eisinger / ProPublica The hedge funds and insurance companies that want financially strapped Puerto Rico to pay them back in full may have found a new ally: Corey Lewandowski.
The bank stock rally has only just begun, say Martin Friedman and Andrew Jose, co-founders of a $700 million hedge fund called FJ Capital that returned 37% in 2016.
Hedge funds ended 2016 with more than $3 in assets under management, despite redemptions of more than $100 billion, according to data from eVestment’s hedge fund asset flow report. December marked the sixth months of outflows in the past seven months. Show More Summary