hedge funds
Ex-hedge fund manager hit with insider trading charges again — 3 years after feds forced to drop case
Federal prosecutors said Kris Bortnovsky, co-founder of Sakal Capital Management, earned over $4 million by placing illegal trades based on tips he received from among others a friend whose family...
JPMorgan threatens to fire job-hopping junior bankers as battle for Wall Street talent heats up
A leaked letter sent to its newly recruited analysts warns them that if they already have a lucrative gig lined up elsewhere, they will be booted out of the bank.
Hedge fund boss Ken Griffin ramps up war of words with Trump over 'big, beautiful' tax bill
The 56-year-old CEO of Citadel, who is worth $42 billion according to Forbes, warned on Thursday that if the bill passes, the country will “unquestionably add several trillion dollars” to...
Rage against the machines: Hedge fund titan 'surrenders' and fully embraces AI
Cliff Asness admitted that his Connecticut-based company is now using machine-based algorithms powered by artificial intelligence to make its eye-popping bets.
Why Wall Street fat cats are sweating Trump’s war on ‘woke’ colleges
"Our fund may be doomed," said one hedge fund manager who works with university endowments.
Bridgewater's billionaire founder to open office in Saudi Arabia: sources
The top firm will open up a base later this year in the Gulf kingdom, senior sources close to the Saudi government said.
'Balkan beauty' hedge funder known for steamy bikini selfies banned from US over immigration 'lies'
The glamorous banker admitted she had been illicitly working in her $13,000-a-month job for her Miami Beach-based firm.
Activist investor targets Hewlett Packard by reportedly building $1.5B stake
Hedge fund?Elliott?Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday.
Citadel, Millennium hedge funds suffer lackluster quarter after stocks tank in March
The biggest funds have faced margin calls, according to a note to clients by Swiss giant UBS, which is when traders are asked to stump up more cash in risky...
Hedge fund hotshot Richard Perry stages epic comeback at 70
The sharp-dressed 70-year-old -- a Goldman Sachs alum who famously favored pricey Thom Browne suits with skinny ties and shrunken-looking trousers -- will team up with his former right-hand man,...
Mets owner Steve Cohen says he's 'negative' on US economy, cites tariffs and Elon Musk's DOGE cuts
Cohen, Point72 Asset Management founder, didn’t hold back during an appearance at the Future Investment Initiative Institute’s summit in Miami Beach
Brooklyn-born CEO tops Bloomberg 2024 chart of biggest-earning hedge funders
Englander settled his divorce from ex-wife Caryl for $1 billion in 2023 after she left him for another woman.
Trump asks GOP leaders to end tax perks for billionaire sports owners, hedge funds to cover 'middle class' cuts
Trump has previously proposed using income collected from tariffs to finance the massive reductions.
Financier Jim Chanos has sold his NYC penthouse for $19M to a stylish fashion mogul
The massive aerie is at 3 E. 75th St., and it sold in an off-market transaction.
Billionaire Dan Loeb pushes for 'fair' sales process at struggling SoHo House
News of?Loeb's involvement pushed Soho House shares up 4%.
LA asset management firms overseeing more than $4T scramble to recover after wildfires
Some money managers have lost their headquarters to the crippling flames and are pivoting to remote work, while others have multiple staffers whose homes burnt to the ground.
Billionaire Bill Ackman names his pick for next mayor of New York City
"We don’t want NYC to become San Francisco or, God forbid, Los Angeles."
Kathy Hochul proposes new rules to curb NY home purchases by hedge funds and buyout firms
New York Gov. Kathy Hochul wants to make it more difficult for private equity firms and hedge funds to buy up residential real estate properties in the Empire State.
Hedge funds score double-digit returns as 'Trump Trade' helps cap strong year
The funds on average missed the S&P 500’s 23% gain in 2024, but most posted double-digit returns.
Citadel founder Ken Griffin says he's open to selling stake in hedge fund
The billionaire's comments come after reports BlackRock is in talks with Citadel's competitor Millennium for a?potential tie-up.