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New Jersey has to rethink its budget because one guy moved
If you move away from your home state, some friends might throw you a party. Maybe you'll get a happy-hour discount at your local bar.If you're really a big deal, you might get to throw out the first...
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The largest drug company deal in history has fallen apart, and it has smacked...
The Pfizer-Allergan merger, a deal worth $160 billion that would have been the largest in pharma history, has officially been called off.Business Insider's Portia Crowe points out that six investment...
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'We've made a number of mistakes in Valeant that have required some...
Bill Ackman, founder of the $12 billion hedge fund Pershing Square Capital, just finished a conference call in which he answered investors' questions.Ackman is having the worst year in his fund's...
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Tiger Global's hedge fund has suffered paper losses of more than $1 billion...
Tiger Global Management's hedge fund has fallen 22% and suffered paper losses of more than $1 billion in the first quarter.Tiger Global Investments is the firm's $6 billion long/short equity fund led...
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Billionaire hedge fund manager Steve Cohen just pledged $275 million to offer...
Billionaire hedge fund manager Steven A. Cohen has pledged $275 million to support military veterans and their families by opening up free mental-healthcare clinics across the country.The Cohen...
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The Killers are going to give a private concert at the hedge fund conference...
Every May, more than 1,200 hedge funders head to Las Vegas for the Skybridge Alternatives Conference (SALT) hosted by Anthony Scaramucci. The conference features panels top investors as well keynotes...
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Steve Cohen's $11 billion hedge fund is looking for the next generation of...
Point72 Asset Management, the $11 billion family-office hedge fund led by Steven A. Cohen, has officially joined Facebook.That's because the historically secretive hedge fund is now using social media...
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Andrew Caspersen—the banker accused of a $95 million fraud—allegedly took...
The alleged fraud committed by banker Andrew W. W. Caspersen may be bigger than prosecutors have initially said.Caspersen was arrested for attempting to defraud sophisticated investors out of $95...
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Hedge fund titans raised an 'unprecedented' $35 million for New York City's...
Hundreds of Wall Streeters gathered at Cipriani in Midtown Manhattan on Monday night to raise funds for Success Academy Charter Schools and to celebrate the school's 10th anniversary.Professor Roland...
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One of the most senior women in the hedge fund world just got $130 million...
Former Paulson & Co. partner Samantha Greenberg has received a $130 million commitment in seed money from the alternative investment manager Ramius LLC for her new hedge fund, Margate...
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28-year-old hedge fund analyst accused of insider trading using his mom's...
A 28-year-old analyst from a private New York investment fund was arrested and charged with insider trading after making $1.5 million in ill-gotten gains trading options on his mom's brokerage account,...
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Billionaire hedge fund manager Steve Cohen can start taking outside money again
Billionaire hedge fund manager Steve Cohen has a new firm that's allowed to raise outside capital.Cohen indirectly owns "more than 25%" of the newly launched Stamford Harbor Capital and will not...
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Investors have yanked out more than $1 billion from Paul Tudor Jones' hedge fund
Billionaire hedge funder Paul Tudor Jones is facing nearly $1 billion in investor redemptions.Jones' main fund, BVI Global, was down 2.8% in the first quarter, which is driving the investor flight,...
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Hedge fund manager Boaz Weinstein is making a huge comeback in 2016
Saba Capital, the hedge fund run by legendary credit trader Boaz Weinstein, is among the best-performing funds this year. Saba Capital Offshore, which has $1.47 billion in assets under management, was...
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Elizabeth Warren wants to know why Steve Cohen can take outside money again
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren, a firebrand of strong financial regulation, wants to know why securities regulators approved Steve Cohen's new firm as an investment adviser after...
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Wall Street is underwater
Wall Street is sinking.The big banks had a lousy first quarter. Hedge funds are getting pummeled. Regular institutional investors are flailing.And they're all dragging each other down.Goldman Sachs CFO...
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A top London hedge fund lost almost a third of its value in an investment...
It's been a tough year for hedge fund manager Crispin Odey.2016 has melted his wealth, turning him from a billionaire to a multimillionaire.Odey has seen his personal wealth fall £200 million ($287...
View ArticleThe biggest companies in the world are getting attacked by a swarm of hedge...
The sharks are going after bigger prey.Hedge funds big and small are taking on larger targets in their activist campaigns, according to data from FactSet.The number of campaigns to shake up...
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Investors are fleeing hedge funds in droves
Big public pension funds are slow-moving apparatuses. So dramatic shifts in investment decisions take a long time to be discussed and decided, and even longer before they’re felt by the investment...
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Oh, you thought the drama was over now that Wall Street's nightmare stock...
SunEdison, the largest renewable-energy firm in the world and the bane of Wall Street's existence since July, filed for bankruptcy on Thursday.So story over, right? One for the books. A massive company...
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