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Showing posts with label Hedge funds. Show all posts
Showing posts with label Hedge funds. Show all posts
Greenlight's Einhorn sues Apple, seeks bigger payout | Reuters
Greenlight's Einhorn sues Apple, seeks bigger payout | Reuters: (Reuters) - "David Einhorn wants Apple to "think different" ... about its cash."
Blackstone seen sticking with SAC despite insider trading probe | Reuters
Blackstone seen sticking with SAC despite insider trading probe | Reuters: (Reuters) - "One of hedge fund billionaire Steven A. Cohen's largest outside investors, private equity firm Blackstone Group LP, appears inclined to keep its money with his SAC Capital Advisors, even as the U.S. government scrutinizes the fund in its ongoing insider trading probe."
SAC Capital threatened with fraud charges: sources | Reuters
SAC Capital threatened with fraud charges: sources | Reuters: (Reuters) - "The U.S. government is threatening to file civil securities fraud charges against SAC Capital Advisors and is tightening the regulatory screws around Steven A. Cohen, the $14 billion hedge fund's founder and one of the industry's most famous traders."
Exclusive: Och-Ziff hedge fund looks to exit landlord business | Reuters
Exclusive: Och-Ziff hedge fund looks to exit landlord business | Reuters: (Reuters) - "One of the first big hedge funds to try to profit from a rebound in the U.S. housing market by investing in foreclosed homes is looking to cash out, even as other institutional investors are still getting in."
Goldman nears hedge fund admin unit sale: source | Reuters
Goldman nears hedge fund admin unit sale: source | Reuters: (Reuters) - "Goldman Sachs (GS.N) is close to signing a deal to sell its hedge fund administration business to U.S. bank State Street Corp (STT.N), a source familiar with the situation said, the latest deal in a sector enjoying growing demand for its back-office services."
Analysis: In failed JPMorgan hedge, lessons from past missed | Reuters
Analysis: In failed JPMorgan hedge, lessons from past missed | Reuters: (Reuters) - "A well-regarded U.S. lender once lost a tidy sum on derivatives, and Jamie Dimon had to ride to the rescue."
Special Report: The algorithmic arms race | Reuters
Special Report: The algorithmic arms race | Reuters: (Reuters) - "It's the day after Cambridge physicist Stephen Hawking's 70th birthday party and David Harding, the head of one of the most successful hedge funds in the world, is bubbling with talk of black holes."
JPMorgan stops stock buybacks, maintains dividend | Reuters
JPMorgan stops stock buybacks, maintains dividend | Reuters: (Reuters) - "JPMorgan Chase & Co (JPM.N) has suspended repurchases of its stock while it tries to get out of money-losing derivatives trades that have cost it at least $2 billion, Chief Executive Jamie Dimon said on Monday."
JPMorgan's future losses at the mercy of an obscure index | Reuters
JPMorgan's future losses at the mercy of an obscure index | Reuters: (Reuters) - "It's the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase & Co's (JPM.N) trading loss will be from a hedging strategy that went wrong."
JPMorgan investment unit played by different high-risk rules | Reuters
JPMorgan investment unit played by different high-risk rules | Reuters: Reuters) - "The JPMorgan Chase & Co. unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation."
Hedge funds eye further profits from JPMorgan losses | Reuters
Hedge funds eye further profits from JPMorgan losses | Reuters: (Reuters) - "Hedge funds are holding out for further gains from their bets against JPMorgan's massive position in U.S. credit derivatives, racking up tidy profits from a lucrative trade that could cost the U.S. bank more than $3 billion."
JPMorgan CIO Drew retires after giant trading loss | Reuters
JPMorgan CIO Drew retires after giant trading loss | Reuters: (Reuters) - "The leader of JPMorgan Chase & Co's hedging unit is retiring, the bank said on Monday, marking the first casualty from stunning trading losses that experts say could exceed $3 billion."
Investors falling out of love with hedge funds | Reuters
Investors falling out of love with hedge funds | Reuters: (Reuters) - "Deep cracks are starting to show in the love affair between hedge funds and their investors, after another year of paltry returns on expensive investments leaves many feeling cheated and close to bailing out."
More charges coming in insider trading probe: sources | Reuters
More charges coming in insider trading probe: sources | Reuters: (Reuters) - "A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation said."
Ex-Goldman director Gupta charged in insider case | Reuters
Ex-Goldman director Gupta charged in insider case | Reuters: (Reuters) - "Rajat Gupta, who sat on the boards of some of America's most prestigious companies, was arrested and charged on Wednesday with being the "illegal eyes and ears" for his friend Raj Rajaratnam, the central figure in a broad U.S. crackdown on insider trading at hedge funds."
Warren Buffett picks another little-known successor | Reuters
Warren Buffett picks another little-known successor | Reuters: (Reuters) - "Warren Buffett advanced his succession plan on Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc."
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