Mar 12 2014 | 11:58am ET
Pershing Square Capital Management suffered another nine-figure loss on paper yesterday, after the White House and Senate announced an agreement on how to wind-down Fannie Mae and Freddie Mac.
Yesterday's swoon cost the hedge fund about $300 million on paper. Pershing Square owns about 10% of each company's common shares.
Mar 12 2014 | 12:34pm ET
Hedge funds beat the S&P 500 during the first week of March, according to the Bank of America Merrill Lynch Hedge Fund Monitor.
Mar 12 2014 | 11:41am ET
A former Two Sigma Investments analyst has been indicted for stealing the hedge fund's proprietary models.
Mar 12 2014 | 11:40am ET
A former Goldman Sachs executive must pay more than $850,000 for defrauding investors in a Paulson & Co.-linked collateralized debt obligation, a federal judge has ruled.
Mar 12 2014 | 11:39am ET
Harbinger Capital Management's wireless internet venture has accused Dish Network founder Charles Ergen of lying on the stand about when Dish began considering the purchase of its share of the electromagnetic spectrum.
Mar 12 2014 | 11:18am ET
Bernard Madoff's underlings simply did what they were told by the Ponzi schemer, their lawyers insisted yesterday.
Mar 12 2014 | 11:17am ET
Critics of Carl Icahn's campaign against eBay Inc. have been legion. Supporters have been few. But another prominent hedge fund manager has joined the latter contingent.More News
Mar 11 2014 | 7:41pm ET
Private-equity firms and hedge funds are salivating over the opportunities created by bank deleveraging in Europe. To tap them, they'll need fresh capital. And to raise that, they may first turn to Sasha Jensen.
Jensen is behind Jensen Partners, an executive recruitment firm with a very tight focus: Capital-raising, especially in the hedge fund and private-equity arenas.
Feb 3 2014 | 9:58am ET
Investment consulting firms are paying greater attention to ‘soft’, subjective factors in assessing money managers, according to a recent survey by Market Strategies International’s Cogent Reports. Firms that place a greater emphasis on increasing and demonstrating transparency in their communications and processes are favored, Cogent noted.
Mar 4 2014 | 11:40am ET
Hedge funds underwhelmed last year, but that didn’t keep 2013 from being a good one for the world’s alternative investment billionaires.
At least 78 hedge fund and private-equity managers made Forbes magazine’s annual list of global billionaires. In a year that saw stocks soar, the 10-figure ranks grew by 268 members to 1,645, an all-time high, with an aggregate net worth of $6.4 trillion.
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…