John Paulson’s hedge funds made almost $1bn on his investment in OneWest Bank, which is being purchased by CIT Group for $3.4bn in cash and stock.
Deutsche Bank and Barclays on Tuesday locked horns with a U.S. Senate committee that has accused them of selling option products to hedge funds to help them avoid taxes.
Hedge fund managers are expecting to deliver less than half of the returns for their investors in 2014 that they saw last year, as fears of a correction in stock markets mount, amid record high equity valuations.
Barclays and Deutsche Bank face scrutiny over their sale of products to a hedge-fund manager that allowed it to skirt borrowing limits and avoid taxes, according to people with knowledge of the matter.
Billionaire investor John Paulson correctly anticipated merger activity in the energy sector, making him one of the big winners of Whiting Petroleum's purchase of Kodiak Oil & Gas.
Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.
While you might not know their names now, you will. They are five hedge fund stars of the future as identified by Institutional Investor.
The S&P 500 may have rallied 6 percent during the first half of the year, but the average hedge fund appears to have trailed that substantially-the exceptions being seasoned stock and bond pickers who managed to outperform their peers with careful research and fortunate timing.
Blackstone Group, already the largest investor in hedge funds, is signing on a team of three traders for the first such fund that it will manage directly, according to two people with knowledge of the plans.
Three technology stock traders have left the Boston office of Steven A. Cohen’s nearly $10bn family office over the last week in a new round of defections at a firm that is still dealing with the fallout from a significant insider trading investigation.