NYT – One of the prime assets that the estate of the bankrupt Lehman Brothers still has to sell is a 20 percent stake in the $22 billion hedge fund D. E. Shaw. But so far, Lehman has found no […]

Bloomberg – California State Teachers’ Retirement System, the second-biggest U.S. public pension system, made its first hedge fund seed investment by committing capital to activist firm Legion Partners Asset Management LLC. CalSTRS, based in Sacramento, California, pledged $200 million to […]

Reuters – Massachusetts’ pension fund has selected Arden Asset Management as its hedge fund investment adviser from a handful of applicants for the job of picking fund managers, tracking performance and providing due diligence, the company said on Tuesday. The […]

CNBC –  The retail sector was slammed on Tuesday after several retailers reported downbeat earnings. However, hedge fund manager David Berman said there are some winners to be found despite the sector being in “secular decline.” That’s because although traditional […]

WSJ – Hedge fund Magnetar Financial LLC on Wednesday filed a lawsuit against McKesson Corp. alleging that the U.S. drug retailer breached German law in its takeover of German rival Celesio AG CLS1.XE +1.08% earlier this year, according to documents […]

Sky News – A Dallas-based hedge fund boss who made millions of dollars from the 2007 US housing crash has snapped up a stake in the struggling Co-operative Bank. Sky News has learnt that Hayman Capital Management is one of […]

CNN – Apparently not hedge funds, who doubled down on Russian stocks in the first quarter of the year despite increasing turmoil in Ukraine over that period. Citadel Advisors and Renaissance Technologies, among other funds, bought U.S.-listed shares of VimpelCom […]

Seattle PI – In the wake of a failed merger, declining revenues, and a general routing by its peers, the company that runs The World Poker Tour — U.K.-based gaming company Bwin.Party — has seen its stock decline 20%. In […]

Huffington Post – Former Sen. Scott Brown (R-Mass.), who is running to return to the Senate from the Granite State, urged hedge fund executives at a Las Vegas conference on Friday to get involved in his bid to unseat Sen. […]

Bloomberg – For now, the Wall Street crowd is winning: Hedge funds and other institutions using leverage to boost returns have overwhelmed the impact of five consecutive weeks of withdrawals from mutual-fund investors. They’ve helped propel leveraged loans to a […]

Guardian – Google is reported to be in talks to acquire video game streaming service Twitch for $1bn. The deal, reported by Variety, would be the biggest for YouTube since its purchase by Google in 2006 for $1.65bn. Twitch reportedly […]

Wall Street Daily – Something big is cooking in Puerto Rico, and it demands our immediate investment attention. For the last seven years, the beleaguered Puerto Rican economy has been mired in the muck, enduring GDP contraction in five of […]