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Dalio’s Bridgewater Said To Start Artificial-Intelligence Team

Feb 27 2015 | 5:42am ET

The world’s largest hedge fund manager is banking on machines.

Ray Dalio’s $165 billion Bridgewater Associates will start a new, artificial-intelligence unit next month with about half a dozen people. The team will report to David Ferrucci, who joined Bridgewater at the end of 2012 after leading the International Business Machines Corp. engineers that developed Watson, the computer that beat human players on the television quiz show “Jeopardy!”


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Barington Launches Proxy Battle for Eastern Seats

Mar 2 2015 | 6:02pm ET

Hedge fund Barington Capital Group has filed a preliminary proxy statement with the SEC to formally ask shareholders for additional board seats at manufacturing company Eastern Co.

Texas County & District Allocates $300M to Two Managers

Mar 2 2015 | 5:29pm ET

The Texas County & District Retirement System committed a total of $300 million to two managers in February.

Buffett Opposes Putting Hedge Funds' Candidate On GM Board

Mar 2 2015 | 4:12pm ET

Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker.

Congressman Proposes New Insider-Trading Law

Mar 2 2015 | 2:09pm ET

A Massachusetts Congressman has proposed a new bill that would create a "clear cut" law designed to make insider trading a crime.

Janus' Bill Gross Warns On Dangers Of Low Interest Rates

Mar 2 2015 | 1:29pm ET

Closely watched bond investor Bill Gross criticized ultra-low interest rates on Monday, saying they could harm global growth instead of boosting it in the way that many central banks intend.

Kerrisdale Capital Pushes for Webster Financial Spinoff

Mar 2 2015 | 11:21am ET

Bank holding company Webster Financial Corp. is under pressue to spinoff its health savings account business by hedge fund Kerrisdale Capital Management.

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Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising push in the United States. The fund was in the top 20 best performing hedge funds in the world in 2014, according to alternative assets data and intelligence provider Preqin.

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