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Hedge Funds

Witness: Accused Inside Trader Removed Office Records On Day Of Arrest

Posted 05.29.2011 | Business

NEW YORK (By Grant McCool) - A former Galleon Group trader contends he saw a brother of accused hedge fund founder Raj Rajaratnam remove notebooks fro...

Is Corruption on Wall Street All in the Eyes of the Beholder?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

It isn't difficult to paint an unflattering picture of the hedge fund industry, which at this very moment is trying to milk money from Japan's roiling markets, profiting from the misery of others.

Market Speculators and the Real Cost of Oil

Rep. Joe Courtney | Posted 05.25.2011 | Business
Rep. Joe Courtney

Traders are making money on quick movement, wagering on rumors and market blips. The framework to address the problem is in place, and it begins with diluting the influence of speculators.

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

Icahn, Famed Investor, To Return All Of Clients' Money

Posted 05.25.2011 | Business

BOSTON: Billionaire hedge-fund manager Carl Icahn is returning outside investors' capital, marking the end of an era as he joins a string of prominent...

Hedge Fund Manager Takes Huge Risk In His Own Trial

DealBook | Peter Lattman | Posted 05.25.2011 | Business

When Raj Rajaratnam was a hedge fund baron managing billions of dollars and being lionized as one of Wall Streets savviest investors, he was asked wha...

Balancing the Budget, Looking for Simple Answers

Howard Steven Friedman | Posted 05.25.2011 | Politics
Howard Steven Friedman

To cut costs you need to trim the big ticket items. Unfortunately, serious discussions about the budget and dramatic actions aren't going to raise re-election coffers or make politicians popular.

The Fed's 'White Whale' Of Insider Trading

Posted 05.25.2011 | Business

NEW YORK/BOSTON (By Matthew Goldstein and Svea Herbst-Bayliss) - Soon after prosecutors charged two of his former employees with trafficking in confid...

Hedge Funds Are Buying More Muni Bonds

CNBC | Kate Kelly | Posted 05.25.2011 | Business

A spike in yields and a desire to diversify portfolios is prompting some unusual investors to jump into the municipal bond market, say traders and ana...

Hedge Fund Shut Down After Federal Raid

Posted 05.25.2011 | Business

NEW YORK (By Emily Chasan) - Level Global Investors, one of four hedge funds raided by U.S. authorities last November in a broad investigation into in...

Crank Up the Casino! Hedge Funds to Short American States and Cities

Lynn Parramore | Posted 05.25.2011 | Business
Lynn Parramore

JPMorgan feeds on our hunger with its lucrative food stamp card business. And AIG gets into the game of letting strangers bet on your life. Why shouldn't hedge funds make a little extra dough from the collapse of your hometown?

William Alden

Insider Trading Accusations Describe Network Of Hedge Fund Corruption | William Alden | Posted 05.25.2011 | Business

In the latest charges to be brought against Wall Street financiers, Federal authorities depict insider trading in dramatic detail. Two hedge fund man...

Hedge Funds Are Making A Killing On Commodities As Gold Prices Soar | Chanyaporn Chanjoroen | Posted 05.25.2011 | Business

Dec. 8 (Bloomberg) -- Bets by hedge funds and large speculators on further gains in commodity prices are holding near their highest level in more than...

Wall Street Robber Baron Nets $2.4 Million an Hour While 28 Million Need Jobs

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Yes, there is a connection between the hedge fund manager's magnificent 2010 haul and our 29 million unemployed. But it's not just John Paulson. It's the entire class of financial billionaires and their junior wannabes.

Wall Street Preps For Exodus Of Talent To Hedge Funds

Posted 05.25.2011 | Business

BOSTON (By Aaron Pressman) - The usual flurry of brokerage firm traders seeking to join hedge funds after the payout of annual bonuses could be more o...

Davos: Goldman's Cohn Does Not Get It

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Gary Cohn's position is obviously self-interested: nothing else should be expected from the Honorable firm. He and his peers recently increased their salary from $600,000 to $2,000,000!

Even After Record Growth, Hedge Funds Don't Pose Risk, Group Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Even as hedge fund assets grew at a record-breaking pace last quarter, no firm is so big that its failure would pose a threat to the financial system,...

How John Paulson Made $5 Billion Last Year

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

The secret to the spectacular returns Paulson and his employees reported for 2010 is due to their keeping much of their money- $14.9 billion or 42...

Wall Street Has Become Socially Worthless

The New Yorker | John Cassidy | Posted 05.25.2011 | Business

A few months ago, I came across an announcement that Citigroup, the parent company of Citibank, was to be honored, along with its chief executive, Vik...

What Exodus? Financiers Coming Back To London Despite Taxes

CNBC | Posted 05.25.2011 | Business

Speculation has swirled in recent months about a looming exodus from the City to less regulated business districts in Switzerland and Asia, particular...

Financial Socialism by and for Wall Street Elites?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Mainstream economists claim that your income reflects the economic value you produce -- at least in free and open markets. So why do people in the financial sector make so much more money than the rest of us?

Key Insider Pleads Guilty In Massive Insider Trading Case | PETER LATTMAN | Posted 05.25.2011 | Business

In August 2008, Danielle Chiesi, an executive at a New York hedge fund, was swapping confidential information with an associate about a pending reorga...

Despite Lackluster Returns, Hedge Fund Assets Hit Record

Posted 05.25.2011 | Business

BOSTON (By Svea Herbst-Bayliss) - Hedge fund assets grew a record $149 billion during the last three months of 2010, according to new data released on...

Hedge Funds Losing Their 'Sex Appeal'

Posted 05.25.2011 | Business

LONDON (By Laurence Fletcher) - Hedge funds may finally be losing their sex appeal. A small but growing number of investors believe these once-free...

Goldman Prop Traders To Leave To Start Hedge Fund

Posted 05.25.2011 | Business

NEW YORK (Reuters) - Goldman Sachs' last large proprietary trading team is planning to leave the bank in order to start an independent hedge fund, the...