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Prominent Finance Guy On Twitter Pleads Guilty To Running A Fraudulent...
Ohio-based hedge fund manager and prolific Tweeter Anthony Davian pleaded guilty yesterday to 14 criminal counts for operating a fraudulent investment scheme, the Department of Justice said in a...
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Dan Loeb Got In A Fight With The Moms In His Building Over The Swimming Pool...
Activist investor Daniel Loeb, who runs Third Point LLC, once got in a dispute with the moms in 15 Central Park West over the temperature of the swimming pool, author Michael Gross writes in his new...
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Apparently There's A 'Goldilocks' Hedge Fund Size
Apparently hedge funds of a certain size are best at getting the market 'juuuuust right.'Hedge funds with assets under management of $100-499 million and $500-999 million beat their bigger brethren in...
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A Pack Of Hedge Funds Is Descending On Silicon Valley With Loads Of Money
(Reuters) - As increasing numbers of technology companies defer initial public offerings, one influential Wall Street investor has stepped up to the plate in Silicon Valley.Tiger Global Management,...
View ArticleJim Chanos Recommends Shorting Sotheby's
Famed short-seller Jim Chanos, the founder of Kynikos Associates, recommended shorting Sotheby's on CNBC's "Squawk Box" this morning.He also shared this chart about how the auction house's stock price...
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SEC Is Forming Dedicated Group To Examine Private Equity And Hedge Funds
NEW YORK/WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required...
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Hedge Fund Manager Philippe Laffont To Return $2 Billion To Investors After...
"Tiger Cub" hedge-fund manager Philippe Laffont, who runs Coatue Management, has decided to return $2 billion from its flagship fund to investors, CNBC's John Jannarone reports citing an investor...
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Sotheby's Shreds Dan Loeb In This Investor Presentation Take Down
Sotheby's is not going quietly.So far in its battle to ward off activist hedge fund manager Dan Loeb — who says that the company should sell assets and change its business strategy to unlock value —...
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Activist Investor Brilliantly Sleep Shames Bank Chairman For Dozing Off...
Part of being an activist investor is convincing the board of a company that changes must be made. Some people do it wrong, some people do it right.From Joseph Stilwell, founder of Stilwell Value...
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Meet The 31-Year-Old Hedge-Fund Trader Who Made $119 Million Last Year
Thirty-one-year-old Och-Ziff hedge-fund trader James "Jimmy" Levin took home $119 million in compensation for 2013, Forbes reports.According to an SEC filing, Levin was compensated primarily in stock....
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John Paulson Is Protesting A McMansion Being Built In His Hamptons Neighborhood
Billionaire fund manager John Paulson and dozens of other Hamptons homeowners signed a petition protesting the construction of a home that's a "threat" to the character and "peace and tranquility" of...
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Shares Of Herbalife Destroyed On Report Of Criminal Investigation
The U.S. attorney's office in Manhattan and the FBI are probing Herbalife, the Financial Times reports, citing unnamed sources familiar with the investigation.The stock erased its gains for the day. It...
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DAN LOEB: These Are All The Lies The Sotheby's Board Is Spreading About Me (BID)
Last week, Sotheby's released an investor presentation slamming activist investor Daniel Loeb and the two nominees for the board backed by his hedge fund Third Point LLC.In sum, the auction house said...
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CLIFF ASNESS: 'You're Giving Me That Look That I Get When I Talk To Women...
Quant fund manager Cliff Asness dropped a sexist line while talking about "quant stuff"with Stephanie Ruhle on Bloomberg Television."So yeah, you're giving me that look that I get when I talk to women...
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Hedge Funds Are Having Their Most Miserable Start To The Year Since 2008
Hedge funds are having their worst start to the year since 2008, gaining only 1.23% year-to-date, says a new report by research firm Preqin.You'll recall 2008. It was when Wall Street thought the world...
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Illinois Attorney General Has Opened A Probe Into Herbalife
Illinois Attorney General Lisa Madigan is probing Herbalife, CNBC's Scott Wapner reported.Herbalife issued the following statement:"We have more than 15,000 members and many more thousands of satisfied...
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Meet The Hedge Fund Analyst Who Is Being Inducted Into The USA Gymnastics...
Balyasny Asset Management analyst Lisa Wang will be inducted into the USA Gymnastics Hall of Fame this August, FinAlternatives reported, via Dealbreaker. The hedge fund analyst is a three-time U.S....
View ArticleTHE BILLIONAIRES' NEST: Meet The Tycoons Who Work In New York's Iconic GM...
In 2008, developer Harry Macklowe was faced with $7 billion in debt and was forced to give up his crown jewel, the 50-story, 1.82 million-square-foot GM Building at 767 Fifth Avenue. A group led by...
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An Activist Hedge Fund Is Staging A Big Campaign Against The Company That...
Over the last five years, the company that operates the World Poker Tour, bwin.party Digital Entertainment, has seen its stock price cut in half. Meanwhile, the London Stock Exchange, where the company...
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21 Sweet Perks Hedge Funds Give To Their Employees
If you work on Wall Street, you might realize that life might be just a little better on the buy-side versus the sell-side. Folks who work for hedge funds tend to get bigger salaries and better hours...
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