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Here are the 10 biggest activist money managers and some of their most...
Sometimes you just need a little push.That's really the idea behind activist investing. Activists push for anything from more share buybacks to outright sales. Activists tend to make a lot of noise,...
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The hedge fund at the center of an insider trading scandal is shutting down
Visium Asset Management, the hedge fund at the center of an insider trading investigation, is shutting down, according to an investor letter seen by Business Insider. Visium is shutting its flagship...
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Wall Street has been rocked by an $8 billion hedge fund's implosion
Visium Asset Management, a multibillion-dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It's the...
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Visium's Sanjay Valvani found dead in apparent suicide after insider trading...
Sanjay Valvani, a portfolio manager at Visium Asset Management who was charged with insider trading last week, was found dead Monday night."We mourn the tragic loss of Sanjay, a devoted father,...
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A $13 billion hedge fund you've never heard of is shaking up a whole continent
Cevian Capital is a multibillion dollar activist hedge fund that you've probably never heard of.That's deliberate.The firm, the biggest of its kind in Europe with 12 billion euros, or about $13.6...
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An $8 billion hedge fund suddenly imploded — here's how it played out
Visium Asset Management, a one-time rising hedge fund, is shutting down after its former employees were charged with insider trading and fraud.It's a quick turnaround since the New York hedge fund...
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One of the most senior women in the hedge fund industry has made a big hire
One of the most anticipated hedge fund launches has made a big hire.Samantha Greenberg's Margate Capital hired Jared Weisfeld as a partner and technology sector head.Weisfeld joined the new hedge fund...
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One of Louis Bacon's key lieutenants has a big new role at a rival
Pimco just made two big hires in its London office.The asset manager, based in Newport Beach, California, has hired Gene Frieda as its executive vice president and global strategist, according to a...
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The world's largest hedge fund is struggling
Bridgewater Associates, the world's largest hedge fund firm, is seeing multibillion-dollar swings in performance.The firm's flagship Pure Alpha fund fell about 12% this year through June, The Wall...
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A Microsoft exec is making a surprise move to Wall Street, and it highlights...
Global securities firm Citadel has hired a new key executive — from Microsoft.B. Kevin Turner, who was chief operating officer of Microsoft for 11 years, has joined Citadel as CEO of Citadel...
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A story from FBI Director James Comey's time at Bridgewater perfectly...
FBI Director James Comey told the House Oversight and Government Reform Committee Thursday, on the subject of the investigation into Hillary Clinton's handling of classified information, that he was "a...
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Hedge funder is fired after massive Hamptons party that got him banned from...
A hedge funder has lost his job after allegedly throwing a huge Fourth of July party in the Hamptons. Brett Barna, a portfolio manager previously working for Moore Capital Management, was fired after...
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A little-known hedge fund is quietly killing it
An emerging-markets hedge fund run by Man Group's Numeric Investors has had a stellar start to the year.The fund is up 7.75% this year through June, according to a person familiar with the returns.The...
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Hedge fund managers have the lamest excuses for why they stink right now
Likely, you've heard that 2016 has been a miserable year for the hedge fund industry. The Masters of the Universe have been beaten down by volatile markets and low interest rates. Their clients are...
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The Goldman Sachs exec who made $1 billion betting on the housing market is...
Dan Sparks helped Goldman Sachs' mortgage unit make more than $1 billion off the financial crisis.Now investors are piling into his new hedge fund — and backing its strategy of betting on...
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There's a matchmaking contest for out-of-work hedge funders
The funds industry has been struggling of late.Several big funds have shut down following underperformance, or in the extreme, insider trading investigations.At the same time, industry honchos say...
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Something strange is happening in the hedge fund industry
Hedge funds have produced ice-cold returns in recent years. That doesn't seem to be deterring investors. Banks and "wealth managers"— which includes high net worth investors, family offices, and...
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ValueAct hedge fund to pay record fine to DOJ
The activist hedge fund ValueAct has agreed to pay $11 million in a settlement with the Department of Justice, the highest ever settlement for the charge the fund faced.ValueAct is paying following...
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A hedge fund boss says there's an overlooked reason the industry is so weak
The hedge fund industry has a well-documented performance problem.And it's directly connected to a lack of diversity in the industry, according to Doug Haynes, the president of Steve Cohen's investment...
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The world's largest public hedge fund just assembled an emerging markets debt...
The world’s largest publicly-traded hedge fund manager has just put together a team focusing on emerging markets debt. Man GLG, an investment management arm at Man Group, hired Phil Yuhn, Lisa Chua,...
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