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 12 2013 | 1:08pm ET
JPMorgan Chase will pay between $1 billion and $2 billion to settle a criminal investigation stemming from the Bernard Madoff Ponzi scheme.
Dec 12 2013 | 1:07pm ET
It takes more than a quarter of a billion dollars to get a new hedge fund off the ground, according to a new survey by Citigroup.
Dec 12 2013 | 1:06pm ET
Coatue Management is the newest investor in photo-messaging service Snapchat.
Dec 12 2013 | 12:01pm ET
Given the chance to question their star witness about SAC Capital Advisors founder Steven Cohen, prosecutors in the insider-trading case against SAC portfolio manager Michael Steinberg demurred.
Dec 12 2013 | 12:00pm ET
As if it had been so scripted, prosecutors at the trial of five former Bernard Madoff employees arrived at the day of his arrest on the fifth anniversary of that event.
Dec 12 2013 | 11:58am ET
Investors have closed out 2013 adding to their hedge fund investments, according to SS&C Technologies.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 Owl Spring 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…