(New York Post) A former Long Island broker — one of the FBI’s most successful informants ever — took a major step on Thursday to winning his second battle against Uncle Sam….The former broker, Guy Gentile, who turned rogue informant […]

(Harvest) President Donald Trump won the presidency with a platform focused in part on bringing manufacturing jobs back to the United States, promising to usher in a new “Industrial Revolution.” In 2016, manufacturing accounted for approximately 12% of U.S. GDP, […]

(Harvest) For seasoned financial market professionals, the last few years have been a bit like the iconic 1993 movie Groundhog Day: similar patterns seemingly repeating themselves over and over again. In that movie, Bill Murray’s character Phil learned from each […]

(Bloomberg) JPMorgan Chase & Co. said revenue from its trading businesses has dropped 15 percent so far in the second quarter from the same period a year ago because of low market volatility. Fixed-income trading is down for the first […]

(FINalternatives) Deerfield Management executives Rob Olan and Ted Huber have pled not guilty along with two others to accusations they participated in an insider trading scheme that relied on information leaked by an employee of the U.S. Centers for Medicare […]

(The Business Insider) One of the most anticipated hedge fund launches of the year continues to rake in fresh money, despite a rough start in terms of performance. Ben Melkman’s Light Sky Macro dropped about 3.5% from March through the […]

(Fortune) Hedge fund billionaire Steven Cohen was banned from managing outside money until 2018 after an insider trading scandal swept through his former firm SAC Capital. Now, Cohen not only appears poised to return to the hedge fund industry, but […]

(FINalternatives) JP Morgan has reportedly teamed with Morningstar to launch a new strategy that will provide investors with access to a synthetic basket of liquid alternative funds. To read this article:

(FINalternatives) Hedge funds dropped last week as global macro and CTA funds ran into equity and energy market headwinds, according to the new research from Lyxor Asset Management. To read this article:

(HITC Business) A Barclays trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the bank was right to dismiss him for revealing confidential information to rivals and using sexually […]

(Bloomberg) It’s been a long and painful year for hedge fund manager Deepak Gulati, who finds himself on the wrong side of one of the most profitable trades in town. His Argentiere Fund lost money for 14 straight months through […]

(Bloomberg) Some hedge fund managers still deserve to earn 2-and-20 fees, according to Philip Falcone, the former hedge-fund manager who’s now chief executive officer of HC2 Holdings Inc.Investors may pay such fees for funds that are able to beat indexes, […]