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Ex-Harbinger Exec. Admits Wrongdoing On Falcone Loan

Jul 29 2014 | 2:35pm ET

Harbinger Capital Partners’ former chief operating officer has settled Securities and Exchange Commission fraud allegations, closing the book on a case that cost firm founder Philip Falcone the right to run a hedge fund.

Peter Jenson agreed to pay $200,000 and admitted wrongdoing for helping Falcone take a $113 million loan from Harbinger hedge funds to pay his tax bill. The loan was not disclosed to investors.


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Carl Icahn’s Family Dollar Payday Not Bad For Six Weeks Of Work

Jul 29 2014 | 2:33pm ET

Less than two months after he began agitating for a sale, discount retailer Family Dollar obliged Carl Icahn, earning the billionaire another $174.3 million.

Darden Offers Olive Branch Amidst Bruising Hedge Fund Battle

Jul 29 2014 | 9:24am ET

Having completed a deal that they so bitterly opposed, Darden Restaurants yesterday moved to mollify the hedge funds seeking to take control of the company.

Herbalife Misses Estimates For First Time Since ‘08

Jul 29 2014 | 9:23am ET

Pershing Square Capital Management’s William Ackman couldn’t put a dent in Herbalife’s share price, but the end of the company’s earnings streak did.

Elliott Doesn’t Block Asian Bank Deal

Jul 29 2014 | 9:20am ET

In the end, Elliott Management did not stand in the way of a major Asian banking merger.

AMG Profit Jumps 24% As Investors Seek Alternative Assets

Jul 29 2014 | 9:06am ET

Affiliated Managers Group Inc., the company that owns stakes in more than two dozen money managers, said second-quarter profit rose 24 percent as rising stock prices boosted assets.

Citi Vet, Former Sciens CIO Team Up On New Hedge Fund

Jul 29 2014 | 9:01am ET

Anil Prasad, former currencies trading head at Citigroup Inc., and Farhang Mehregani, previously the chief investment officer of Sciens Capital Management, are preparing to set up a macro hedge fund.

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In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv and has 360,000 researcher/analysts. If you're picturing the HR nightmare this would entail, relax: those thousands of researchers and analysts aren't actual employees of the firm.

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Steve MasonSteve Mason
David Yarrow (left)David Yarrow (left)

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    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

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