Big hedge fund feasts on Lehman, Greek bonds

Gold Dollar

One of the largest hedge fund firms in the world continues to make money quietly by focusing on beat up loans-despite the general perception that bonds have little to offer investors.

High-frequency trading firm Virtu postpones IPO

Michael Lewis - Flash Boys

High-frequency trading firm Virtu on Thursday postponed its planned initial public offering, a source tells CNBC. The move comes amid increased scrutiny over the trading practice and a broadly soft IPO market.

Hedge funds suffer worst start to year since 2008

Receading Hedge

Hedge funds have suffered their worst start to the year in performance terms since the financial crisis, as returns in March and January were both in the red after a volatile quarter for equities, new data reveal.


Michael Lewis - Flash Boys

Michael Lewis: 'Wall Street has gone insane'

On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.

Goldman Sachs Logo

Goldman beats the Street on investment banking

Goldman Sachs, the Wall Street firm with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.

Morgan Stanley building

Morgan Stanley in upside surprise

Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.