Bloomberg – Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East. Money managers increased net-long positions by 7.6 percent in the week ended June […]

Time – American Unity PAC plays a decisive role in New York GOP primary. The decisive issue in the contested NY-22 primary that concluded Tuesday was the one hardly anyone talked about: gay marriage. Read Complete Article

Reuters – A former McKinsey & Co. partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder’s younger brother, Rengan Rajaratnam. Anil Kumar, once a top partner at […]

eFinancialCareers – It had all been going very well for people in Barclays’ equities business. While the fixed income currencies and commodities (FICC) business is being hacked apart, cash equities is one of the areas Barclays wants to focus on. […]

Algemeiner – Financial Algorithms, an Israeli information technology company that creates trading algorithms for hedge funds, is the target of a $4 billion takeover bid from an unidentified foreign buyer, Bloomberg News reported on Thursday, based on an unsourced report […]

Business Insider – Richard Fertig managed a portfolio of hedge fund investments worth $4 billion until he lost his job in January 2009, another casualty of the Great Recession. Fertig interviewed for jobs left and right, but found finance jobs hard […]

Global Research – Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country. After Argentina’s economy crashed […]

The Boston Globe – As the Massachusetts state pension fund overhauls the way it invests in hedge funds, it has rehired a money management firm the fund once dropped — this time only to offer advice about funds run by […]

WSJ – John Paulson’s hedge-fund firm Paulson & Co. has built a $1 billion stake in Allergan Inc. and supports a takeover of the Botox maker by Valeant Pharmaceuticals International Inc., according to a person familiar with the matter. Paulson’s […]

Bloomberg – Nelson Saiers is stepping down from his role as chief investment officer of Saiers Capital LLC to pursue a career as an artist, leaving the top role at the firm to founder Jason Adler. The 39-year-old money manager […]

Providence Journal – General Treasurer Gina Raimondo is standing by the state’s hedge fund consultant, even if her counterpart in Massachusetts has decided it’s time for a change in direction. Raimondo, who chairs the State Investment Commission, said through a […]

Inside Philanthropy – For three years running, David Tepper has earned the title of highest paid hedge fund manager in America, which likely makes him the highest paid person in the world. Raking in $3.5 billion in 2013 alone, Tepper’s […]