Dec 12 2013 | 1:11pm ET
Harbinger Capital Management's Phillip Falcone may get to build his wireless Internet network after all.
Just before a bankruptcy auction that seemed poised to sell Harbinger's LightSquared to Dish Network, two of the hedge fund's fellow alternative investments players stepped in to offer more for the company, into which Falcone has poured billions in investor capital.
Dec 13 2013 | 10:10am ET
John Paulson's belief in gold has cost him a very great deal of money—but it may have cost Eric Sprott his job.
Dec 13 2013 | 10:10am ET
Hedge fund manager Louis Bacon has bought New Mexico's famed Taos Ski Valley, adding to his massive Western land holdings.
Dec 13 2013 | 10:08am ET
Michael Fuller, a partner at private-equity and fund of hedge funds firm Private Advisors, was found dead in his Virginia home on Monday night. He was 42.
Dec 13 2013 | 10:07am ET
David Massey is set to join Richards Kibbe & Orbe after nine years at the country's most prominent federal prosecutor's office.
Dec 13 2013 | 9:35am ET
Asset growth has outstripped expectations in 2013, equity long/short strategies are popular, private wealth allocators like UCITS and Canadians are having trouble finding macro managers—those are some of the findings in the latest Deutsche Bank Markets Prime Finance Monthly Hedge Fund Trends report.
Dec 13 2013 | 8:31am ET
New York-based investment advisor Overbrook Management Corporation has named Third Point vet and U Capital founder Jonathan Urfrig as president.More News
Dec 12 2013 | 1:39pm ET
Jason Ader and Andrew Wallach met when the former was considering an investment with the latter. Instead Ader, whose firm recently fought a successful proxy battle, and Wallach, whose firm boasts a 40-year track record in activist and "constructivist" investing, decided to join forces.
Ader Investment Management, which is up 40.05% this year, and Cumberland Associates, which has generated annualized returns of 14.5% over its 43 years, have become SpringOwl Asset Management. FINalternatives Senior Reporter Mary Campbell spoke to Ader and Wallach, co-CEOs of the now-$225 million firm.
Dec 10 2013 | 10:08am ET
The overriding issue confronting markets today is Central Bank activity. They have dominated markets’ consciousness over the last three years and this looks set to continue for the foreseeable future. In this article, Brian Walsh, chairman and chief investment officer of Saguenay Strathmore Capital, explores the impact Central Bank activity has had on the economy, the markets in general and on hedge fund strategies.
Dec 2 2013 | 7:03am ET
Highland Capital Management founder James Dondero's wife apparently won't let a jury verdict get between her and as much of his money as possible.
Rebecca Dondero plans to sue her husband again to seek more than the $5 million set in the couple's prenuptial agreement. The move follows a jury's ruling that both Donderos violated the prenup—and thus that it should remain in place.
Dec 5 2013 | 9:51am ET
Do you have a job opening at your firm? Post a vacancy free for the month of April. Visit the FINalternatives Job Board and use code SNOW. Please only post job vacancies aimed at the asset management industry or related financial services professionals. Read more…