Apr 23 2014 | 11:28am ET
Pershing Square Capital Management’s biggest-ever investment is going to take its time considering the $46 billion offer favored by the hedge fund, and that’s fine with founder William Ackman.
“If I were a director on this board, I would not immediately accept Valeant’s proposal,” Ackman said today. “They’ve hired Goldman Sachs and, I think, BofA. Those banks are going to reach out the other big pharma companies and potential buyers of the business.”
Apr 24 2014 | 10:23am ET
A former White House chief of staff has joined a hedge fund founded last year by a top JPMorgan proprietary trader.
Apr 24 2014 | 10:22am ET
Hedge fund Galleyla Investment Co. got off to a strong start, returning 18% in its first year.
Apr 24 2014 | 10:20am ET
Two bank founders have sued a New York hedge fund manager for allegedly defaming them and causing their firing.
Apr 24 2014 | 10:19am ET
In his second day on the stand, Ranger Capital and Maverick Capital founder Sam Wyly reiterated that he and his late brother failed to disclose more than $750 million in stock sales because he was advised that he did not have to.
Apr 24 2014 | 10:17am ET
A founding partner of former Citigroup proprietary trader Sutesh Sharma’s hedge fund has joined Cheyne Capital Management.
Apr 24 2014 | 9:47am ET
Hedge fund New Peak Capital Partners has tapped a Morgan Stanley sales executive to lead its business development efforts.More News
Apr 10 2014 | 9:48am ET
Christopher Tsai, whose $28 million long/short hedge fund is up 29% since inception in 2011, spoke to FINalternatives senior reporter Mary Campbell recently about his fund, his outlook on emerging markets and the influence his family has had on his investment approach.
Apr 21 2014 | 1:24pm ET
Are independent fund directors really necessary? While some may say that they simply rubber stamp everything that comes across their desks and are therefore an unnecessary expense, Alric Lindsay disagrees. Lindsay, who has served as an independent director on the boards of offshore investment funds for many years, argues that without the checks and balances brought to the table by independent directors, the risks of fraud and of being lured into a Ponzi scheme are staggering.
Apr 21 2014 | 10:41am ET
The daughter of former President Bill Clinton and her hedge-fund manager husband are expecting their first child.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…