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The SEC is planning to bring an enforcement action against the hedge fund led...
Omega Advisors, the $5.2 billion hedge fund led by Leon Cooperman, said it has received a Wells Notice, Bloomberg News reports citing a person familiar.A receptionist who answered the phone at Omega...
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Leon Cooperman just hosted a call for his investors about an impending SEC...
Hedge fund legend Leon Cooperman, the founder of $5.2 billion Omega Advisors, held a conference call with investors on Monday afternoon to address a Wells Notice he and Omega received from Securities...
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There's a Main Street version of hedge funds, and they're beating the real thing
It has been a tough year for investors of all kinds.Liquid alternatives funds, billed as hedge funds for Main Street, are no exception.The funds combine hedge fund investment techniques — like using...
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Lumber Liquidators has reached a settlement with California over its laminate...
Lumber Liquidators said it has reached a settlement agreement with the State of California Air Resources Board (CARB) over its inquiry into its laminate flooring.The company said it will pay a $2.5...
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Bill Ackman’s plan to fix Valeant is doomed
Valeant Pharmaceuticals is frozen.Until the company replaces the two years worth of earnings numbers that it scrapped due to admitted accounting issues on Monday, its value could be considered a matter...
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HEDGE FUND MANAGER: This is 'no longer an investment market but a battlefield'
London-based hedge fund manager Crispin Odey, who runs $11 billion in assets, said this is "no longer an investment market but a battlefield."In Odey's OEI Mac fund's February investment update, Odey...
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A short-seller you've never heard of has been quietly killing it
You've probably never heard of Ben Axler, a short-seller who's been building an impressive track record online for spotting corporate frauds.Short-sellers bet that a stock will decline. They profit...
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Ray Dalio explains why 25% of Bridgewater employees don't last more than 18...
Bridgewater Associates' roughly 1,500 employees abide by a culture of "radical transparency."At the Westport, Connecticut-based hedge fund — the world's largest, with $169 billion in assets — all...
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Donald Trump invested millions in hedge funds, and they're not doing very well
NEW YORK — Donald Trump's presidential campaign is built on his business acumen. But some of the Wall Street funds that he has invested in have proved less successful, underperforming industry...
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The shareholder who made the 99-page presentation on firing Marissa Mayer...
One of Yahoo's most vocal investors has weighed in on Starboard Value's plan to replace Yahoo's entire board."We are happy to have choices in selecting Yahoo's board at this year's meeting, following...
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A recorded dispute between Ray Dalio and another Bridgewater executive shows...
If a company's founder and head of recruiting have a meeting about the latter's lack of reliability, it would seem obvious that the discussion be kept behind closed doors.But at Bridgewater, such a...
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Billionaire Louis Bacon's charity was the victim of a banker's alleged $95...
The Moore Charitable Foundation, an environmental charity founded by hedge fund billionaire Louis Bacon, was the victim of an alleged fraud by banker Andrew W. W. Caspersen.Caspersen, a former managing...
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You can now enter Wall Street's biggest investment contest of the year
The Sohn Conference's famed investment idea contest officially kicks off today.The contest is open to anyone with a long or short idea for a company with a market cap above $1 billion. The deadline to...
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Ken Griffin's Citadel just hired a big-name Morgan Stanley trader
Ken Griffin's Citadel has hired a top trader from Morgan Stanley.Morgan Stanley's global head of rates electronic trading, Nicola White, is joining Citadel Securities as global COO for fixed income,...
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A bunch of the top-performing hedge funds stumbled in March
The first quarter is finally over.Stocks finished in the green after getting crushed in January and February. Oil prices also bottomed out at around $27, and are now trading around $37.The rebound in...
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One of the victims in Andrew Caspersen's alleged $95 million fraud was his...
James H. McIntyre of Moore Capital Management has been identified as the hedge fund employee duped in an alleged $95 million fraud, DealBook's Alexandra Stevenson and Matthew Goldstein report.Last...
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A Wall Street darling is buried in the Panama Papers
A Wall Street-darling stock is buried in the world's most recent peek into how the rich and powerful guard their money.The darling is the French telecoms firm Altice, which is down 12% on Amsterdam's...
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The US government is going after a $19 billion hedge fund
The US Department of Justice has filed a civil suit against ValueAct Capital, a $19 billion hedge fund led by Jeff Ubben, accusing it of violating premerger notification requirements.The DOJ said...
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The $19 billion hedge fund targeted by the government is fighting back
ValueAct Capital, the $19 billion hedge fund led by Jeff Ubben, has swung back at the government's civil suit against the firm.Here's the hedge fund's response:ValueAct Capital is a long-term value...
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This startup is the new secret weapon investors are using to outsmart each other
After news broke that Chipotle had a norovirus outbreak, financial experts expected sales to drop as stores closed in the aftermath. Yet no one knew how bad the financial damages would be until four...
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