Ex-nyc Union Head Convicted Of Taking Bribe For Investing In Hedge Fund | Reuters
The former head of New York
City's correction officers' union was found guilty on Wednesday
of accepting a bribe to steer union money to now-defunct hedge
fund Platinum Partners for investing.
Activist Investor Litt Boosts Stake In Mack-cali - Costar Group
101 Hudson St., where Mack-Cali lost AIG as a tenant.Jonathan Litt made his name on Wall Street, and with the financial press, as a feisty activist investor who targets real estate investment trust funds, known as REITs. Now his hedge fund has boosted its stake in Mack-Cali Realty Corp., prompting speculation about what changes it may demand at New Jersey's largest REIT and biggest office-building landlord. Litt is the founder of Land & Buildings...
Blockchain Etf Provider Will Launch A $100M Crypto Hedge Fund: Report - News, Price, Events
Reality Shares, an asset management firm based in California, will be launching a $100 million multi-strategy crypto hedge fund, a source told Business Insider. According to the company insider, the crypto fund will be "a mix of arbitrage, venture, and directional strategies." Reality Shares has already obtained $25 million for the fund, the source said. The [...]
Bill Ackman Won't Reveal New Mystery Stake In Pershing Square
Bill Ackman has a big, new investment that he doesn't want anyone to know about -- yet. Ackman teased the new position, which accounts for roughly 10 percent of his Pershing Square hedge fund's portfolio, in a call with investors Wednesday. "We're not yet ready to disclose the company, but it certainly meets our standards,"...
Billions Star Maggie Siff Now Front Woman For Robo Betterment
Betterment new ad campaign -- currently only airing in the New York market -- features Billions star Maggie Siff. : Advisors beware, your favorite hedgie shrink--errr performance coach--Wendy Rhoades has down-shifted from ultra-high net worth clientele to the mass affluent market (could your clients be next). Actually, the actress, Maggie Siff who plays the in-house psychologist for fictional hedge fund Axe Capital on the hit Showtime series Billions, is now starring in the new role of spokeswoman for automated investment service Betterment. Visionaries. Revolutionaries. Mavericks. They're the people, the companies, who can disrupt entire industries.
Hedge Fund Alert :: Search Results
After 10 years of pressuring fund operators to reduce fees, most institutional investors are dissatisfied with the lack of progress.Six out of 10 investors surveyed by Morgan Stanley's prime-brokerage group said the majority of the managers in their portfolios haven't lowered their fees, with some saying the industry "has yet to shift significantly." Another 33% of investors said most managers have trimmed fees but...
Hedge Fund Alert :: Search Results
After 10 years of pressuring fund operators to reduce fees, most institutional investors are dissatisfied with the lack of progress.
The World's Largest Hedge Fund Loads Up On Alibaba (baba)
Bridgewater Associates, the $150 billion hedge fund founded by Ray Dalio, bought 84,629 shares of Alibaba in the second quarter, worth $15.7 million, according to regulatory documents filed Tuesday. A back of the envelope calculation shows the stake was established at an average price of $185.52. Alibaba is one of the market's most heavily traded tech stocks and part of the "FAANG+BAT" basket, which also includes Facebook, Amazon, Apple, Netflix, Google, and Chinese tech giants Baidu and Tencent. Bridgewater's buying of Alibaba shouldn't come as a surprise.
David Tepper's Hedge Fund Slashes Facebook Stake
Hedge Fund billionaire David Tepper purchased the Carolina Panthers for $2.3 billion. FBN's Stuart Varney says he's just shocked the sports world. Appaloosa, the hedge fund founded by David Tepper, the owner of the Carolina Panthers, has slashed its stake in Facebook, selling 5.1 million shares, equivalent to an 18.3 percent cut in its stake in the social media company. Other changes included Appaloosa cutting its stake in Boston Scientific by 35.4 percent to 2.5 million shares and its stake in UnitedHealth Group by 25.1 percent to 529,390 shares.