A powerful incentive.
Lehman Brothers may be long dead, but its assets continue to be a lucrative investment for hedge funds.
The fat funds are getting fatter-the largest hedge funds now control more cash than ever before.
David Einhorn, the hedge fund manager, dropped a lawsuit aimed at unmasking an anonymous blogger on the Seeking Alpha financial website, who had discussed one of his fund’s stock positions before it was publicly announced.
Hedge funds manage $470bn in the UK, with 82% of the assets controlled by just 20 large firms, the City regulator has revealed.
Hoping to boost surveillance in the wake of numerous insider-trading investigations that ultimately ended its life as a public hedge fund, SAC Capital has hired a Silicon Valley data miner that has done work for the Central Intelligence Agency and the Federal Bureau of Investigation in order to keep closer tabs on its own employees.
A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.
After a year of scandal, beleaguered hedge fund SAC Capital is renaming itself as Point72 Asset Management, The New York Times reported on Tuesday.
A portfolio manager at Man Group has decamped to Neuberger Berman to help expand the asset manager's growing lineup of alternative mutual funds.
Former SAC Capital Advisors portfolio manager Mathew Martoma asked a U.S. judge to throw out his insider trading conviction, saying federal prosecutors did not prove he committed a crime and that improper evidence and jury bias tainted the verdict.