LATEST

Big hedge funds win again

Hedge Fund

Another week, another set of wins for activist investors, with Elliott and JANA gaining on the buyouts of Riverbed and PetSmart that they pushed for.

Hedge fund insider trading verdicts thrown out

Gavel

A federal appeals court threw out the guilty verdicts of two hedge fund managers central to Manhattan U.S. Attorney Preet Bharara’s investigation of insider trading, ruling jury instructions tainted their verdicts and imperiling other cases brought in his multiyear probe.

HOT LIST

FEATURED

HSBC Canary Wharf

HSBC sees high-level shakeup amid revenue fall

HSBC, one of the largest hedge fund investors in the world, has recently lost four senior people in the private banking unit that is responsible for picking the best money managers for their wealthy clients.