Here are some incredible toys hedge fund boss Steve Cohen has bought with his...
SAC Capital founder Steve Cohen has an estimated net worth of more than $11 billion. These are some of the incredible things he does with all that money. Produced by Eames YatesFollow BI Video: On...
View ArticleClik here to view.
The hedge fund managers who work for tips
“Hedge funds are for suckers,” Bloomberg proclaimed in a headline in 2013.According to the article, one reason they’re “for suckers” is they are expensive. The industry standard for the management of...
View ArticleClik here to view.
Paul Singer knows who has been passing around his confidential investor...
Billionaire hedge fund manager Paul Singer, the founder of Elliott Management, is going after people who have shared his investor letters with "unauthorized" people.Singer has "learned the identities...
View ArticleClik here to view.
Hedge funds are getting smoked by the commodities slump
The collapse in commodity prices has burnt another hedge fund.Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50...
View ArticleClik here to view.
Dan Loeb got really defensive about one of his main investment strategies in...
Hedge fund manager Daniel Loeb, the founder of Third Point LLC, has hit back at those taking aim at activist investing.Loeb, one of the most prominent activist investors of his generation, defended the...
View ArticleClik here to view.
A giant US hedge fund just had one of its trading accounts suspended in China
The Chicago-based hedge fund Citadel has had one of its trading accounts suspended in Shanghai as the Chinese government cracks down on so-called abnormal transactions in its crashing stock markets."We...
View ArticleClik here to view.
David Einhorn just had his worst month since 2008 — here's what he said about it
It is just not David Einhorn's kind of market.The billionaire hedge fund manager said on a conference call Tuesday morning that investors are shunning value stocks for momentum stocks, and it's taking...
View ArticleClik here to view.
Billionaire hedge fund manager Ken Griffin loves McDonald's
Citadel founder and CEO Ken Griffin loves McDonald's."It drives people nuts that I take them to McDonald's all the time," Griffin said in an interview with The Wall Street Journal's Rob...
View ArticleClik here to view.
New York City hedge funds are dominating their rivals in London
New York City and London have long competed with one another for the title of financial capital of the world. When it comes to the question of which has the bigger hedge fund industry, however, there...
View ArticleClik here to view.
Hedge fund investor Dan Loeb just picked his newest target (bax)
Hedge fund activist Dan Loeb has picked his latest target. Baxter International shares rose 3% on Wednesday August 5 after Loeb revealed he has bought a stake of about 7% in the company.Loeb said in a...
View ArticleClik here to view.
Business school grads have a new set of heroes
Activist investors are often cast as villains: money-grabbing nuisances who harass chief executives for payouts and short-term gains.But in some of the industry's training grounds — business schools —...
View ArticleClik here to view.
Bank of America is pulling cash from one of John Paulson's funds (bac)
Bank of America's Merrill Lynch wealth management arm is pulling investor cash from one of hedge fund manager John Paulson's funds. Merrill is liquidating client funds from Paulson & Company's...
View ArticleClik here to view.
Bill Ackman has found his next big target: Mondelez (MDLZ, KRFT, HNZ, BRKA,...
Bill Ackman has taken a $5.5 billion position in snack food company Mondelez, according to The Wall Street Journal. According to the Journal, Ackman has amassed a 7.5% stake in the company when options...
View ArticleClik here to view.
The 'God' of oil trading is getting crushed by the commodities slump
A commodities hedge fund run by star trader Andy Hall is getting hammered by the recent collapse in oil prices.Hall's Astenbeck Capital Management fund lost about 17% in July, Reuters reports, citing...
View ArticleClik here to view.
The same stock that scorched David Einhorn is burning Leon Cooperman
Solar and wind-energy company SunEdison is brutalizing two big names on Wall Street, Greenlight Capital's David Einhorn, and Omega Advisers' Leon Cooperman.Einhorn said on a call earlier this week that...
View ArticleClik here to view.
Carl Icahn’s latest target hasn't turned a profit in two decades
Billionaire activist investor Carl Icahn has set his sights on a new target: an unprofitable energy company.Icahn has taken a 8.18% stake in natural gas exporter Cheniere Energy, according to a 13D...
View ArticleClik here to view.
A Wall Street billionaire has one piece of money advice for pro athletes
Billionaire Marc Lasry, CEO of the $14 billion hedge fund Avenue Capital and co-owner of the Milwaukee Bucks, has some advice for NBA players: Pretend you don't have any money.In a recent episode of...
View ArticleClik here to view.
Warren Buffett just crushed Bill Ackman's dream deal
Warren Buffett — billionaire investor, philanthropist, Bill Ackman dream-crusher.Last week The Wall Street Journal reported that Ackman's hedge fund, Pershing Square, had taken a $5.5 billion stake in...
View ArticleClik here to view.
Bill Ackman slams the Wall Street Journal for publishing 'embarrassing'...
Activist investor Bill Ackman, the CEO of the $18 billion hedge fund Pershing Square Capital Management, threw shade at the Wall Street Journal during a conference call with investors on Monday.During...
View ArticleHere's the official trailer for 'Billions' — the hot hedge fund show...
Showtime has just released the official trailer for the new hedge fund drama "Billions" that debuts next year. The 12-episode series stars Damian Lewis, who plays a hedge fund king Bobby "Axe" Axelrod,...
View Article