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One huge winner in the Heinz-Kraft merger is a Boston hedge fund run by...
A Boston-based hedge fund called Adage Capital is a big winner in the Heinz-Kraft mega merger, making $50 million overnight. On Wednesday morning, Warren Buffett's Berkshire Hathaway and the Brazilian...
View ArticleHere are the 5 areas where hedge funds are hiring
Whisper it, but hedge funds are hiring again. There’s no feeding frenzy of investment banks’ traders, but after a poor 2014 a lot of hedge funds are venturing out into the job market again.The...
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Billionaire hedge fund manager Leon Cooperman says his firm has been subpoenaed
Billionaire hedge fund manager Leon Cooperman, the founder of Omega Advisors, wrote a letter to his investors saying that they received a subpoena from the US Attorney's office in New Jersey and the...
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Bill Ackman says he'll give NYU $1 million if Wall Street lawyer Marty Lipton...
Billionaire hedge fund manager Bill Ackman told Vanity Fair contributing editor William Cohan that he'd give $1 million to NYU if famed Wall Street lawyer Marty Lipton would debate him on the topic of...
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Hedge funds don't want to be called hedge funds anymore
Hedge funds might have an image problem. At least, that's what some managers seem to think. Pershing Square, Och-Ziff, Baupost Group, and others have dropped the term "hedge fund" from their public...
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Hedge fund manager who said 'sorry' for losing 99.7% of his clients' money is...
The Department of Justice and the Securities and Exchange Commission are investigating how the 28-year-old manager of Canarsie Capital lost nearly all of the $60 million hedge fund's capital in just...
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Here are the new $1 billion hedge funds opening this year
Since the 1990s, hedge funds have risen to become the juggernauts of the investing world, and now new firms are springing up at a rate unseen for a decade.At least five new funds, managing $1 billion...
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Argentina just pulled the most 'only in Argentina' thing ever on Citibank...
Argentina just pulled a complete and total "Argentina" and sacked the head of Citibank in the country.The Argentine government said Citibank Argentina CEO Gabriel Ribisich, who has led the bank since...
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Some big-name hedge fund managers lost money in March as the stock market...
BOSTON (Reuters) - Some of the world's most prominent hedge fund managers suffered losses last month as the U.S. stock market's rally stalled, but most are still boasting gains for the quarter.William...
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One of billionaire Ray Dalio's funds is absolutely crushing it in 2015
One of hedge fund billionaire Ray Dalio's strategies is up 14% year-to-date thanks to a bet against the euro, Bloomberg News' Kelly Bit reports, citing a source familiar with the fund's performance.The...
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Next month, 1,800 hedge funders will get to rock out at a private OneRepublic...
Teenage girls are going to be jealous of this one...Rock band OneRepublic will be giving a private performance for a bunch of hedge funders next month at the SALT Conference, the Wall Street Journal's...
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ARGENTINA'S ECONOMY MINISTER: We're suing Citibank for making 'a deal with...
Surprising no one, Argentina's Economy Minister, Axel Kicillof, announced that the litigious Latin American nation would be suing Citibank.Citibank "signed a deal with the devil on March 2oth, with the...
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The IMF says 'herding' is a new key threat to the global economy
Fund management companies that invest billions of pounds of savers’ money pose a threat to global financial stability and regulators should police them more closely, according to the International...
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Fashion mogul says he lived in 'peaceful harmony' in the Bahamas until...
Canadian fashion magnate Peter Nygard claims he lived in "peaceful harmony" in the Bahamas for years until hedge fund billionaire Louis Bacon became his neighbor, according to court papers.On...
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Activist hedge fund JANA Partners is going after Qualcomm
Activist investor Barry Rosenstein, the founder of $11 billion JANA Partners, disclosed a huge stake in wireless technology developer giant Qualcomm. The Wall Street Journal is reporting that JANA...
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STAN DRUCKENMILLER: The only way to win the hedge fund game is by being a 'pig'
Forget portfolio diversification. Legendary hedge fund manager Stanley Druckenmiller said when you see something in the market that really, really excites you, "bet the ranch on it." "I think...
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BILL ACKMAN: Now is a better time than ever to short Herbalife's stock
Bill Ackman said Herbalife is a better short today than ever before, Bloomberg News reports.Ackman, who runs Pershing Square Capital, made those comments at 13D Monitor's Annual Active-Passive Investor...
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A group of protesters attacked a hedge fund conference Monday, and they...
The idea was to condemn hedge funders who've profited from fast food companies that "exploit workers" and pay "poverty-wages."What happened instead was a bunch of protesters storming a shareholder...
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BILLIONAIRE FUND MANAGER: It's 'ridiculous' that I could get a $2,500 Social...
Legendary hedge fund manager Stanley Druckenmiller said it was "ridiculous" that rich people like him and billionaire Ken Langone get Social Security checks each month from the government."I mean it's...
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Whitney Tilson just finished speaking about his Lumber Liquidators short (LL)
Whitney Tilson, who runs $90 million Kase Capital, just finished speaking about his Lumber Liquidators short at Baruch College in New York City.In early March, "60 Minutes" and Anderson Cooper ran a...
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