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SOURCE: The Hartford Fired One Of Its VPs After He Made Comments About...
Hartford Financial Services Group fired one of its vice presidents last week after he made comments about Herbalife — one of the insurer's clients — a person familiar with the matter tells Business...
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Argentina's President Is Spending The Last Few Hours Before Her Country's...
Bar any last minute heroics from a delegation meeting with negotiators in New York City, Argentina is set to default tomorrow. Ironically, it will default on debt dating back to its last default in...
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Investors Can Punish Argentina Almost Immediately If It Defaults Wednesday
If the world wakes up on Wednesday and Argentina has not come to agreement over how it will pay a group of hedge fund managers — known collectively as NML Capital — over $1.3 billion in debt, the...
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Steven Cohen's Still Got It
The SEC can't keep Steven A. Cohen down. Despite insider trading charges, a $1.2 billion penalty, and the closing of SAC Capital, Cohen's new fund is up 9% this year, Bloomberg reported. Compared to...
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Paul Singer Doesn't Understand Why We're So Obsessed With His Little...
It's just a little money.In his Q2 2014 investor letter, Elliott Management founder Paul Singer expressed his annoyance at the media's obsession with his decade-long public slug fest with Argentina...
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BILLIONAIRE HEDGE FUND MANAGER: Of All The Things That Are Likely, Nothing Is...
Hedge fund managers often like to opine on various topics that are largely unrelated to investing.In his new lengthy quarterly letter to clients, Paul Singer of Elliott Management spent some time...
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ARGENTINA DEFAULTS
Argentina has defaulted.Argentine Finance Minister Axel Kicillof delivered the news to the world from Argentina's consulate in New York City on Wednesday.Kicillof had just finished a meeting in which...
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There's A Big Rumor Going Around About How Argentina Can Be Rescued
Think of last night's Argentine default as an explosion. Now even 24 hours later the dust has yet to clear, and what will remain when it does is the stuff of questions and rumors —a heady mix of...
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Argentina's Default Isn't About Money Anymore
Somewhere in all the talk about vulture capitalists and corrupt governments, of sovereign nations and free markets, the true meaning of this battle between Argentina and a group of hedge fund creditors...
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Everyone Is Mocking One Quote From Argentina's Economy Minister
On Wednesday Argentine Economy Minister Axel Kicillof was in New York City, telling the world that his country had gone into default for the second time in a little over a decade.On Thursday he was...
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The President Of Argentina Compared Her Country's Default To Violence In Gaza
About 24 hours after Argentine politicians announced that they would not follow a U.S. Court's order to pay over $1.3 billion in bonds to a group of hedge fund creditors, the country's president,...
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Bill Ackman's Takeover Target Is Now Suing Him For Alleged Insider Trading
It's been a rough couple of weeks for Bill Ackman, and this news isn't going to make it any better.Ackman's hedge fund, Pershing Square, and pharmaceutical company Valeant are being sued for alleged...
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Sorkin Thrashes Bill Ackman On Allergan
Andrew Ross Sorkin over at Dealbook is out with his take on hedge fund manager Bill Ackman and pharmaceutical company Valeant's hostile tag-team attempt to takeover Allergan."...something hasn't...
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A Bridgewater Associates Alum Is Launching A No-Fee Hedge Fund
One former Bridgewater Associates analyst is taking a radical approach to the hedge fund fee compensation structure – he's pretty much ditching it. Howard Wang, 28, isn't charging a performance fee for...
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Women Run Hedge Funds Are Doing Significantly Better Than Those Run By Men
This morning, the Wall Street Journal reported on funds that choose to tie their fates to the performance of companies led by women.Barclays’ Women in Leadership Total Return Index, which consists of...
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Suddenly, Bill Ackman Isn't Doing So Bad On Herbalife
Shares of Herbalife slipped below $50 on Wednesday morning.That means hedge fund manager Bill Ackman, who runs Pershing Square, could be getting closer to breaking even on his infamous short.It's...
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The Hedge Fund Manager Taking Down Argentina Massively Trolled The Country At...
We learned an important lesson about sportsmanship from a Wall Street hedge fund manager on Thursday.Here it is: Just because you're in a vicious decade-plus legal battle with a country that owes you...
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An Argentina Rescue Party Is Beginning To Form
An Argentine billionaire, Eduardo Eurnekian, is arranging a deal to get his country out of default before it's too late, Bloomberg reports.Deutsche Bank, JP Morgan, Citigroup and HSBC are all said to...
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Former Citadel Employee Faces Up To 20 Years In Prison After Stealing Secret...
Former Citadel employee Yihao Ben Pu faces up to 20 years in prison after pleading guilty to stealing secret quantitative information from the Chicago-based hedge fund and another firm, Bloomberg News...
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Carl Icahn Posts A Chart To Show How Awesome He Is
Legendary investor Carl C. Icahn has just written his first blog post for Yahoo Finance advocating for more shareholder activism. He has also included a chart in response to those who "question the...
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