In the latest chapter of what is shaping up to be a particularly ugly billionaire divorce, Chicago hedge-fund manager Ken Griffin has challenged his estranged wife's claims on his private planes, real estate, and credit cards, arguing that the mother of his three children has $50 million in personal wealth herself and that he won't continue supporting Anne Dias Griffin in "whatever lifestyle she chooses."
The US hedge fund that forced Argentina to default on its debts has paid one of its London-based bosses more than £38m – a sum 1,437 times greater than the average UK salary of £26,500.
Hedge funds that bet on broad macroeconomic trends have bled money all year waiting for their investment ideas to hit. Some of their biggest wagers-from rising interest rates to a stronger U.S. dollar to more volatile markets-finally paid off in September, helping reverse an otherwise miserable 2014.
Former managers at Millennium Management LLC, Ziff Brothers Investments LLC, Carlyle Group LP and TPG-Axon Capital Management LP are starting hedge funds, leading a recovery in capital raising in London.
Growth in the world’s $70tn (£43tn) shadow banking system is a risk to financial stability and monitoring of the sector is inadequate, the International Monetary Fund has warned.
Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday.
A new investigation of industry assets by Absolute Return reveals that, once again, the largest funds are controlling more assets than ever.
The decision by the California Public Employees' Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund's new chief investment officer told CNBC on Wednesday.
Labour leaders plans to end intermediary tax relief could hurt pension funds and other investors, sources warn.
A hedge fund manager is the latest to embark on one of the most ancient of human quests: immortality.