A former associate dean from the Massachusetts Institute of Technology school and his son, a Harvard Business School graduate have been caught running a hedge fund scam, say authorities looking at Bernie Madoff’s Ponzi scheme.
Goldman Sachs is cutting off some hedge fund clients and even pulling cash from its own hedge funds as it looks to cope with tough new banking rules, according to a report.
Paul Singer is not your average Wall Street hedge fund manager.
Barrick Gold has appointed former Goldman Sachs Vice Chairman J. Michael Evans as a director, joining his former colleague John Thornton on the board of the world’s largest miner of the precious metal.
Argentina is on the brink of its second debt default since the turn of the century , as hopes fade that last-minute talks will hammer out a deal with vulture fund bondholders.
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.