Clik here to view.
A relative of Leon Cooperman tried to blow the whistle on him
A family member of Leon Cooperman tried to blow the whistle on trades that the relative described as "fishy."That's according to the Securities and Exchange Commission, which on Wednesday charged...
View ArticleClik here to view.
Leon Cooperman just wrote a 5-page note to investors defending himself
Leon Cooperman, who was charged with insider trading earlier Wednesday, has sent a five-page letter to investors defending himself."We are highly disappointed with the [Securities and Exchange...
View ArticleClik here to view.
This tiny hedge fund has an incredible track record, and outsiders can't...
Hedge funds are in a sorry state, so funds that show impressive profits are real standouts.Last month, the track record of one such fund came across my desk.It was flagged by a hedge fund investor...
View ArticleClik here to view.
A hot new hedge fund just made some big hires
A new, high-profile hedge fund has made some big hires.Ben Melkman, a former partner at Brevan Howard, is launching a new fund called Light Sky Macro in New York.The fund is targeting $400 million and...
View ArticleClik here to view.
A 28-year-old raised $75 million for his new hedge fund
Jamie Sterne has raised $75 million for his new hedge fund.No big deal, you might think. There are hundreds of hedge fund launches every year. Except Jamie Sterne is just 28 years old.Sterne launched...
View ArticleClik here to view.
Iconic hedge fund manager Perry Capital is reportedly closing its flagship fund
Perry Capital, an iconic hedge fund firm, is shutting its flagship fund after 28 years, according to Bloomberg News.The fund has suffered from poor performance and a changing management structure.Perry...
View ArticleClik here to view.
HEDGE FUND LEGEND JULIAN ROBERTSON: Everything is in a bubble and it will end...
Julian Robertson, the legendary hedge fund manager behind Tiger Management, thinks central banks are fueling bubbles throughout financial markets."We don't have negative rates here in the States yet,...
View ArticleClik here to view.
Behind the life and death of a star money manager accused of insider trading
About a year before Sanjay Valvani's wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading.Valvani drove profits at Visium...
View ArticleClik here to view.
Hedge fund legend Steve Cohen is recruiting young trading talent in London...
Steve Cohen is expanding his recruitment program outside the US.The legendary hedge fund investor is expanding his Point72 Academy for recent college grads in London and Asia.Students spend a year...
View ArticleClik here to view.
This is the latest depressing data point for hedge funds bleeding assets
The news isn't getting any better for the biggest hedge funds.Assets at the largest funds have dropped sharply, according to a new survey by industry data and news provider Hedge Fund Intelligence.The...
View ArticleClik here to view.
A huge hedge fund just settled bribery charges with the feds for $200 million
Och-Ziff Capital Management has agreed to settle charges of bribery, paying nearly $200 million to the Securities and Exchange Commission.The hedge fund's CEO, Dan Och, agreed to pay nearly $2.2...
View ArticleClik here to view.
Hedge funds are dumping Deutsche Bank and shares are tanking
Hedge funds are starting to pull business from Deutsche Bank, amid mounting concerns about the struggling German lender. And one analyst this morning sent a note to investors calling the company...
View ArticleClik here to view.
This 20-year-old says he dropped out of NYU to start his own hedge fund
A college dropout is prepping his own hedge fund.Julian Marchese, 20, left New York University last year to focus on his business, Marchese Investments."NYU is extremely expensive," Marchese told...
View ArticleClik here to view.
Meet the man Steve Cohen hired to oversee big data
Point72 Asset Management, billionaire Steve Cohen's family office, recently brought on Matthew Granade to oversee big data.Granade oversees data ranging from sell-side research to alternative data that...
View ArticleClik here to view.
The Supreme Court is weighing in on a closely watched insider-trading case
The US Supreme Court is about to hear a major insider-trading case that could settle a long-standing Wall Street legal stand-off.The case is Salman v. United States, and the court is set to hear it...
View ArticleClik here to view.
It looks like the Supreme Court will make it easier to prosecute insider trading
The Supreme Court sounds like it will make it easier to prosecute insider trading, in a highly-watched case that could affect hedge fund managers and other traders.U.S. Supreme Court justices indicated...
View ArticleClik here to view.
Here's the presentation a hedge fund billionaire is using to sway the Samsung...
Paul Singer, the billionaire founder of Elliott Management, is ramping up his feud with the most powerful family in South Korea, the Lees. They own Samsung.In letter to investors filed on Wednesday,...
View ArticleClik here to view.
Goldman Sachs is reportedly pulling money from Leon Cooperman's hedge fund
The Goldman Sachs retirement plan is pulling about $300 million from Leon Cooperman's Omega Advisors in the wake of insider trading charges, Bloomberg News is reporting.Omega and Cooperman were charged...
View ArticleClik here to view.
The Asia head of a $1.6 billion hedge fund is setting up a new shop with the...
Keita Arisawa, who oversaw TPG-Axon Capital Management's Hong Kong office, is in the early stages of setting up a new hedge fund with the backing of his boss.The launch comes after TPG-Axon Capital – a...
View ArticleClik here to view.
There's a new breed of trader on Wall Street, and they're becoming the new...
The hedge fund world is a little like a dog show.Breeds are distinct and judged separately from one another: You can be a macro guy, a fundamental type, a quant.And as with dog breeds, certain kinds of...
View Article