Biz Journals – New York hedge fund Standard General LP has been declared the winner in an auction for RadioShack’s name and other intellectual property. Standard General agreed to pay $26.2 million for the Fort Worth retailer’s trademark and customer […]

WSJ – Hedge-fund manager William Browder has long portrayed himself as a crusading financier seeking justice for the death of his associate Sergei Magnitsky, who was allegedly beaten to death in a Russian prison in 2009 after exposing a tax […]

Bloomberg – Billionaire John Paulson’s hedge funds gained in April after successful wagers on energy, mergers and Greek banks. Paulson & Co.’s merger strategy, which comprises more than half of the firm’s $19.5 billion in assets, profited on potential takeovers […]

ValueWalk – President Obama has been keeping the media spotlight on the plight of the poor in the U.S. over the last few weeks, and he again focused on the theme of income inequality at a panel discussion on poverty […]

DealBreaker – Marc Leder: the fun-loving Sun Capital Partners honcho also known as the “Hugh Hefner of the Hamptons” — has already scared some Sagaponack neighbors over the parties he’s planning at a massive, new, 8,000-square-foot mansion this summer. Hamptons […]

Reuters – President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. “The […]

Reuters – Investors raised their bets on hedge funds at the fastest pace in a year in May, data showed on Tuesday. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge fund subscriptions minus redemptions, rose 0.92 percent in […]

Reuters – The first exchange-traded fund tracking the price of Canadian heavy crude launched on Tuesday, enabling investors to gain exposure to the country’s physical crude market and potentially boosting liquidity. The Canadian Crude Oil Index ETF, issued by Calgary-based […]

Bloomberg – One of the Democratic Party’s favorite applause lines is getting another turn in the spotlight: hit hedge-fund millionaires with the same taxes as the working class. It still works on the stump even though it has fallen short […]

Bloomberg – When it comes to hedge-fund manager Paul Singer’s defaulted-debt claims against Argentina, the billionaire has the law on his side. Actually getting paid, however, is a different matter. Read Complete Article

Bloomberg – Argentine bonds issued under local law, which have continued to get paid after the country’s July default, declined after hedge fund Aurelius Capital Management said it’s seeking to block the payments. The nation’s 2024 bonds reversed earlier gains […]

Reuters – Guard Capital, a macro hedge fund led by two former top traders at Goldman Sachs and Noble Group will stop taking money from new investors from July 1 after a more than ten-fold increase in assets since its […]