On June 21, 2016, Sanjay Valvani, a hedge fund manager at Visium Asset Management, who was charged with insider trading last week, was found dead in his home Monday evening, an apparent suicide. Sanjay Valvani grew up in Michigan and graduated with an M.B.A. Show More Summary
In his second quarter letter to investors, Dan Loeb, founder of hedge fund Third Point Partners, disclosed that he's investing in China's answer to Uber, Didi Chuxing. You may recall that Uber has had some difficulty penetrating China's market, where Didi reigns supreme. Show More Summary
In a complaint filed with the Connecticut Commission on Human Rights and Opportunities, Christopher Tarui, a 34 year old adviser to large institutional investors in Bridgewater, has alleged that he was consistently sexually harassed by his male supervisor over a period of a year. Show More Summary
Finance Insider is Business Insider's summary of the top stories of the past 24 hours. Shame. Ostracism. A shift to food stamps. This is a harsh reality for the families of white-collar criminals — hedge fund managers convicted of insider trading, or bankers nabbed for embezzlement. This is what it's like when the 1% go to jail. At 2 p.m. Show More Summary
Shame. Ostracism. A shift to food stamps. This is a harsh reality for the families of white-collar criminals — hedge fund managers convicted of insider trading, or bankers nabbed for embezzlement. Sure, these are some of the world'sShow More Summary
Eight years after the sub-prime crisis, news of a new startup bringing institutional real estate exposure to individual investors may be met with some skepticism. But Michael Burry, the hedge fund manager who foresaw the housing market’s...Show More Summary
Deutsche Bank Profits Take a Hit | Analog Devices Buys Linear Technology
Christopher Tarui’s complaint and interviews with former employees of the world’s largest hedge fund firm describe an atmosphere of surveillance that silences those who don’t fit the mold.
Take note, people.
We’ve all heard the constant chorus of central bank bashing. The ridicule comes from a diverse crowd, ranging from retail Joe Schmoes to prominent hedge fund managers… and I admit, Fed economists make for easy targets.
The hedge fund industry is struggling. Poor performance, insider trading investigations, and the winding down of some marquee funds have marred the industry as of late and dominated headlines. There is another problem, too, and it is...Show More Summary
David Einhorn, founder of hedge fund Greenlight Capital, believes that Brexit means more monetary easing is on the way. And he explained this concept the same way he's been doing it for years — by talking about jelly donuts. "BrexitShow More Summary
BOSTON (Reuters) - Hedge fund manager David Einhorn told investors that he thinks performance chemicals company Chemours Co will see its earnings grow as prices for titanium dioxide (TiO2), used in the food and cosmetic industries, recover. Show More Summary
BOSTON (Reuters) - Hedge fund manager David Einhorn told investors on Tuesday that his Greenlight Capital lost money on battered retailer Macy's Inc and exited the position roughly six months after getting in. "We sold Macy's for a loss...Show More Summary
Investors pulled $20.7 billion from hedge funds in June, according to research firm eVestment, which called it one of the largest monthly redemptions since at least 2009.
Everyone on Wall Street is talking about a small, secretive hedge fund that is posting crazy returns. Simone Foxman and Margaret Newkirk over at Bloomberg published a great story this morning on Arjun LP, a fund run by Joseph A. Meyer. The fund has posted annual returns of 13%, 24% and 91% since 2013, according to the story. Show More Summary
Steve Cohen has a new mantra: better to be safe than sorry. Cohen’s Point72 Asset Management is taking extra precautions to guard against wrongdoing after Cohen's predecessor hedge fund, S.A.C. Capital Advisors, was shut down for insider...Show More Summary
Traders work at the post where shares of Patheon NV is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2016. Reuters Looks like investors didn’t trust their hedge funds to, you know, hedge against upcoming Brexit-related market turmoil. Investors pulled $20.7 billion from hedge funds in […]
A raised 79 bln pound offer for SABMiller should give agitating hedge funds a dignified exit. But it mostly ignores the fall in the value of the Budweiser brewer's offer - and makes a share-based alternative offer targeted at SAB’s biggest shareholders slightly more attractive.