Clik here to view.
This market is hastening a future that has been terrifying Wall Street for years
In the future, they keep telling us, investors will pay lower fees to run their money around the world. This is a future that upends a business model Wall Street and hedge funds have known for decades,...
View ArticleClik here to view.
The Herbalife saga shows that Bill Ackman thinks he's too good for short selling
Wall Street knows that short selling is a dangerous game. Because they are borrowing a stock, not simply owning it, short sellers risk losing more than the money they put down.Some great investors...
View ArticleClik here to view.
ACKMAN: Actually, Herbalife is a pyramid scheme
Bill Ackman is digging in.After the Federal Trade Commission on Friday reached a settlement with Herbalife — the multilevel marketing company — Ackman's hedge fund said the findings "constitute a...
View ArticleClik here to view.
Not everyone in the hedge fund industry is miserable
Not everyone in the hedge fund industry is miserable these days. Collectively, the industry has returned 1.6% through June, according to Hedge Fund Research. That's less than half the gains in the...
View ArticleClik here to view.
Short-sellers are up $500 million on Netflix's stock price drop
Netflix flopped on its earnings expectations and investors betting against the stock are making a boatload."With the stock down 15% in aftermarket trading, short sellers have made almost half a billion...
View ArticleClik here to view.
This investor is making serious money from pain in the hedge fund industry
When hedge fund investments go sour, Andrew Lawrence will sweeten things up.Lawrence is the CEO of Rosebrook Capital Partners, a firm that buys positions in hedge funds from investors who — for one...
View ArticleClik here to view.
Investment behemoth PIMCO just made 2 big hires
PIMCO, the behemoth investment firm, just announced two big hires.The Newport Beach, California, firm hired Danielle Luk as a portfolio manager from Credit Suisse, where she traded options as a...
View ArticleClik here to view.
The cofounder of a $1.4 billion tech fund is going it alone
Seth Wunder, the cofounder of $1.4 billion Contour Asset Management, has left the firm and is in the early stages of planning a new hedge fund.Wunder left Contour in June, and cofounder David Meyer has...
View ArticleClik here to view.
A star investor is launching a new hedge fund with the backing of his $3...
A star investor at a $3 billion hedge fund is going it alone with the backing of his former employer.Joe Cornell, a managing director at Chilton Investment Co., has left to launch an equity fund making...
View ArticleClik here to view.
A tiny clarification on the most positive thing Bill Ackman said during his...
On Wednesday, Bill Ackman held a quarterly conference call for investors in his fund, Pershing Square.And since his private funds are down 14% year to date and Pershing Square Holdings is down 18%, he...
View ArticleClik here to view.
The hedge fund at the heart of an insider-trading scandal is winding down a...
A big hedge fund transaction is hanging in the balance.Visium Asset Management, a hedge fund at the heart of an insider-trading scandal that has outlined plans to shut down, in June inked a deal to...
View ArticleClik here to view.
Here are the star traders trying to become the hedge fund honchos of tomorrow
It may be tough to run a hedge fund, but that isn't stopping senior-level folks from trying to branch out on their own.Here's a short and nonexhaustive list of some of the top new funds to have come...
View ArticleClik here to view.
Billionaire investor Steve Cohen has a new mantra, and this is the guy...
Steve Cohen has a new mantra: better to be safe than sorry.Cohen's Point72 Asset Management is taking extra precautions to guard against wrongdoing after Cohen's predecessor hedge fund, SAC Capital...
View ArticleClik here to view.
David Einhorn closed his investor letter with an interesting quote about Tesla
Greenlight Capital founder David Einhorn placed an interesting quote about Tesla at the end of this second-quarter investor letter.He said:"'We believe that Tesla's most valuable asset may be the trust...
View ArticleClik here to view.
The hedge fund industry has a 'real problem,' but it's not the one you think
The hedge fund industry is struggling.Poor performance,insider trading investigations, and the winding down of some marquee funds have marred the industry as of late and dominated headlines.There is...
View ArticleClik here to view.
David Einhorn is up against the short seller who brought down Valeant
In his second-quarter letter to investors, Greenlight Capital's David Einhorn disclosed that he is long Chemours.The stock is up 7% on the news.Andrew Left, the short seller from Citron Research whose...
View ArticleClik here to view.
This is what it's like when the 1% go to jail, according to a couple that...
Shame. Ostracism. A shift to food stamps.This is a harsh reality for the families of white-collar criminals — hedge fund managers convicted of insider trading, or bankers nabbed for embezzlement.Sure,...
View ArticleClik here to view.
Leon Cooperman published an epic 48-page note to investors explaining why...
Leon Cooperman's Omega Advisors released a 48-page investment outlook last week.And for all the fiddling over post-Brexit markets and the risks of a Chinese currency devaluation, Omega doesn't think...
View ArticleClik here to view.
Bridgewater slams The New York Times and calls its story a 'distortion of...
Bridgewater Associates has fired back at The New York Times for its recent story on the company's culture, "At World's Largest Hedge Fund, Sex, Fear and Video Surveillance.""Although we continue to be...
View ArticleClik here to view.
The scariest part of Bridgewater isn't surveillance
People have been talking about Bridgewater Associates and its culture of surveillance for years, and in general it has been met with skepticism and derision.That has been the case again over the last...
View Article