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Hedge fund giant Citadel is building out a new unit with big hires
Hedge fund giant Citadel has hired three staffers in its build out a fresh investment unit.The group is headed by Eric Felder, who was hired from Magnetar earlier this year. The team, which invests...
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A 32-year old portfolio manager from Paul Tudor Jones' hedge fund is setting...
Dirk Jeschke, a former portfolio manager at Paul Tudor Jones' hedge fund firm, is prepping a hedge fund in London for early next year.Jeschke, 32, is planning a macro fund that will, among other...
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An insider-trading convict from Steve Cohen's shuttered hedge fund says he's...
NEW YORK, Sept 18 (Reuters) - A former trader at billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP wants to withdraw his 2013 insider trading guilty plea, saying he had forgotten...
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A Greenwich hedge fund is behind the mysterious buyer of the NYC 'Taxi...
A Greenwich, Connecticut-based hedge fund that focuses on distressed credit and special situations is behind the purchase of a block of 46 taxi medallions that were snapped up in a foreclosure auction...
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Rubicon — a macro hedge fund in London — has lost a third of its value this year
NEW YORK – Rubicon Fund Management, a large London hedge fund focused on trading around global economic events, has suffered a 33.2% loss in its flagship fund this year. The losses were disclosed in...
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A $96 billion fund firm created a AI hedge fund, but freaked out when it...
Artificial intelligence has been around since the 1950s but is exploding in popularity recently, especially in the world of finance.The idea that an investor can do a bit of programming, and then sit...
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'Reporting sustained underperformance to you was making me miserable':...
Whitney Tilson is closing his hedge fund.In an excerpt of a letter sent to clients, Tilson said underperformance had been a reason to close Kase Capital."If I were managing only my own money, the...
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The world's largest hedge fund told clients the Fed is making a mistake
Bridgewater, the world's largest hedge fund firm, says the Federal Reserve and other central banks will cause problems by raising interest rates from historic lows.Bridgewater says the Fed has...
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Hedge funds are 'dancing on the rim of a volcano'
The market is calm. Perhaps too calm.The lack of price swings has investors mired in a sea of complacency, which has them ignoring potential risks, says Societe Generale.The firm specifically cites the...
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A former star investor at Steve Cohen's SAC Capital is having a killer year
A Steve Cohen alum is having a monster year.Gabe Plotkin's Melvin Capital is up 32.1% after fees this year through September, despite posting almost no gains last month, according to a person familiar...
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Hedge funds are turning their backs on tech stocks
My how the tide has turned for tech stocks.Until recently, the industry was viewed as the indispensable driver of the equity market. Companies like the so-called FANG group — which includes Facebook,...
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There's a big question hanging over the most anticipated hedge fund launch in...
Steve Cohen, the hedge fund billionaire banned from managing outsiders' money, has been prepping a fund via an external firm.A big question is how much Cohen's new fund will raise.Reports about how...
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A fund at $9 billion Carlson has lost nearly 20% this year
Carlson Capital's Black Diamond Thematic fund has added to its losses this year, and is down 19% after fees this year through September 30, according to a client update seen by Business Insider.The...
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A $6.8 billion hedge fund run by an industry titan keeps losing money
NEW YORK – Brevan Howard's flagship fund, run by billionaire Alan Howard, is down for the year as the firm continues to lose money.The Brevan Howard master fund fell 4.61% this year through September,...
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A hedge fund connected to a legendary New York real estate family is...
A hedge fund run by the scion of New York real estate dynasty is returning money to outside investors amid poor performance, according to documents seen by Business Insider.The fund is O-Cap...
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Billionaire Steve Cohen has lost his top trader ahead of his supersize hedge...
Billionaire Steve Cohen's longtime top trader is leaving ahead of the hedge fund manager's expected supersize return to managing outside money.Phil Villhauer is leaving Cohen's family office, Point72,...
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A longtime exec at Bridgewater, the world's largest hedge fund, is reportedly...
Parag Shah, a longtime executive at world's largest hedge fund Bridgewater Associates, who often served as the firm's spokesman, has stepped down, The Wall Street Journal reported.From the Journal:"He...
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Balyasny, a $12 billion hedge fund that's trailing its peers, is ramping up...
Balyasny, a $12 billion hedge fund, has been ramping up for the earnings season, when companies report their quarterly results.The firm has struggled of late to put up strong numbers, and it previously...
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A hedge fund started by a pioneering female investor has lost more than half...
Jamie Zimmerman is one of the few, and first, female investors to run a hedge fund. She started Litespeed Partners in 2000.The fund has had a tough run of late, and now manages less than half of what...
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Maverick Capital, a $10.5 billion hedge fund, is jumping on one of the...
Maverick Capital is starting two quant funds, according to documents seen by Business Insider.The Maverick Fundamental Quant Funds will accept money starting January 1, 2018 and will close once assets...
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