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Hedge funds did something highly unusual during the market's recent meltdown...
During the recent correction, losses in the stocks most popular with hedge funds were muted, relative to the broader market.Goldman Sachs argues this is a positive sign for the health of the market,...
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Bank of America has reportedly fired 2 staffers who interfered with a sexual...
Bank of America has reportedly fired at least two staffers in its prime brokerage unit after finding they had interfered with an investigation of alleged misconduct by a recently fired executive, Omeed...
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The global head of investor relations at $28 billion investor Angelo Gordon...
Gareth Henry, global head of investor relations at hedge fund manager Angelo, Gordon, has left the firm, people familiar with the matter said.Henry left earlier this month after two years with the New...
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Hedge fund billionaire David Einhorn's bad start to the year has gotten worse
David Einhorn's bad start to 2018 keeps getting worse.The Greenlight Capital (Gold), L.P. - Dollar fund, which roughly tracks the firm's flagship fund, dropped 5.7% in February, bringing year-to-date...
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One of Carl Icahn's top lieutenants has decided not to launch a hedge fund...
A star investor who was backed by Icahn Enterprises has decided not to launch a hedge fund after all.David Schecther's Serafima Investments told clients this week it won't accept outside capital."David...
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Carl Icahn just dunked on Bill Ackman to end one of the most high-profile...
Pershing Square exited from its $1 billion short position on Herbalife. The firm's Bill Ackman got into a public spat with famed investor Carl Icahn, who's bullish on the stock.Icahn is now gloating...
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Hedge fund billionaire Dan Loeb is losing money on consumer and tech stocks
Dan Loeb's Offshore fund is up 0.7% year-to-date, and lost 3% in February.That's lower than the S&P 500 benchmark, which has gained 1.8% so far in 2018.LONDON – Third Point's Offshore Fund has had...
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Jason Karp's Tourbillon Capital hedge fund had a tough month
Tourbillon had a rough month, dropping -6.7% in February, people familiar with the figures said. In comparison, the Dow Jones industrial average lost 4.28%, its worst month since 2016. That brings...
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Bank of America's new Americas head of prime brokerage was an actress, model,...
Bank of America Merrill Lynch has promoted Kim Stolz to head of prime-brokerage sales in the Americas.She has an unorthodox pre-Wall Street résumé: Stolz is a former model, actress, and published...
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Billionaire investor John Paulson's hedge fund is 'rightsizing,' and a bunch...
Billionaire John Paulson's hedge fund has launched a shakeup that has led to a number of senior departures, people familiar with the matter told Business Insider.The departures from Paulson & Co....
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The president of Steve Cohen's hedge fund has resigned after a female...
Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for the billionaire Steven Cohen's investment firm said on Sunday, as the company and Haynes face a lawsuit...
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Hedge funds' favorite stocks are having a brutal month
It has been a tough month for the darlings of the hedge fund investment world.In December, Business Insider published a list of the stocks hedge funds love the most. And it has been a brutal few weeks...
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Morgan Stanley reportedly kept on a broker it knew was accused of violence...
Morgan Stanley kept on a star broker the bank knew faced multiple allegations of violence against former wives and girlfriends, The New York Times reported Wednesday.The report said the bank didn't put...
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DAVID EINHORN'S GREENLIGHT: 'It is difficult to fully explain' why we lost so...
David Einhorn's Greenlight Capital told clients that this quarter had been unlike any other where Greenlight faced a loss of greater than 5%.Greenlight is puzzled by the way its stock picks...
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Struggling hedge fund Folger Hill is merging with Schonfeld
Hedge fund Folger Hill Asset Management is merging with Schonfeld Strategic Advisors.Most of the jobs held by Folger's 90-person staff will be moved over to Schonfeld, according to a person familiar...
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Billionaire Louis Bacon is reportedly backing a hedge fund manager he once...
Louis Bacon is backing his protégé Greg Coffey's new hedge fund, Kirkoswald Capital Partners, according to The Financial Times.Bacon, the founder of Moore Capital, once described Coffey as "the most...
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Wall Street will never have the courage to admit why Eddie Lampert failed
Eddie Lampert failed at turning Sears around because the premise of his approach was flawed.Activist investors like him are the purest expression of shareholder primacy, the idea that shareholders are...
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One in 5 finance firms is considering trading cryptocurrencies
Thomson Reuters survey: 20% of 400 finance firms surveyed are considering launching crypto trading with the next 12 months.Crypto trading remains a niche activity in mainstream finance but interest is...
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Hedge funds are making big bets on oil going higher
Money managers bet on oil prices to rise, taking close to record long positionsThe lopsided long to short position ratios may lead to a sharp market correction according to a Reuters market analyst...
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Och-Ziff's co-CIO Jimmy Levin has been selling a bunch of his stock in the...
Och-Ziff's co-CIO Jimmy Levin has sold a chunk of his Class A stock in the firm for the first time ever, all at a rapid pace.Levin owns other types of stock, like Class B shares, which carry voting...
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