SeaWorld’s Outgoing CEO Gets $10.8M Exit Package
SeaWorld said in its regulatory filings that it will give Mr. Atchison $2.56 million, plus 515,406 in SeaWorld’s shares that haven’t vested yet. At $16 per share, where SeaWorld trades now, those unv...
Alibaba Co-Founder to Back HF of Ex-SAC Trader
Institutions and wealthy individuals are helping managers build up a business large enough to attract additional money from pensions, endowments, insurers and foundations. The capital commitment will...
Are Hedge Funds's Clever Trades Losing Money for Investors?
Investors have piled into hedge funds for years because they supposedly possess the holy grail of investing—the ability to make money through their own skillful trades, regardless of the direction of...
U.S. CFTC Revokes SAC Capital's Registration as Commodity Hedge Fund
The settlement between the Commodity Futures Trading Commission and the two SAC Capital units comes after the Securities and Exchange Commission took similar steps in June to bar the once-powerful he...
Saudi Arabia Slashes Oil Production to Prevent More Price Decreases
Saudi Arabia, the world’s biggest oil exporter, has slashed its production of crude in an apparent attempt to prevent the price falling further below $100 per barrel....
Former SAC Trader Receives 9 Years in Prison for Insider Trading
He was also to ordered to forfeit $9.3 million, equal to the bonus he received in the trades that led to his conviction. He is expected to lose his home in Boca Raton, Fla....
Hong Kong-Based Trading Company to Buy El Capitan Precious-Metals-Rich Tailings
ECPN Board Chairman John F. Stapleton reported that the LOI specifies the trading company’s interest in an ongoing, multi-year agreement with El Capitan....
Three Months After Guilty Plea, Steven Cohen is Doing Quite Well
Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well....
Crop Prices May Fall Further as Hedge Funds Close Out Bets
Money managers are still holding net-long positions in corn and soybeans, even after reducing bullish bets in recent months as prices fell, according to U.S. Commodity Futures Trading Commission data...
Social Trading
For a long time now, hedge funds have been considered as the rich man’s investment option, available only to some accredited and sophisticated investors who qualify for it. Many people would like the...