The Blade – Edward Lampert, the hedge-fund manager who for the last eight years tried to turn around Sears Holdings, cut his stake in the retailer below 50 percent. Mr. Lampert’s ESL Investments owns 48 percent of the chain, down […]

SCMP – Booming Chinese internet stocks have fuelled Passport Capital’s double-digit gains this year at a time when many other hedge funds have delivered only modest returns. The San Francisco-based fund, which invests US$3.1 billion for clients, has returned 18.3 […]

(Reuters) – Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker’s stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the […]

Reuters – European banks have turned to hedge funds to help them raise deeply subordinated hybrid capital in 2013, but the high risk nature of the asset class and potentially higher rates could pose problems further down the line. Hedge […]

Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Jeffrey B. Clark, Jr. is managing director at Sendero Wealth Management in San Antonio, Texas. In September of this year, the SEC […]

Cincinnati.com – A longtime Cincinnati money manager already targeted in several civil suits is also being sued in federal court on allegations he bilked about 200 investors out of more than $50 million. The class-action suit, filed Tuesday in U.S. […]

Financial Post – Shares of CGI Group Inc , the parent of CGI Federal – the main contractor behind the glitch-plagued Healthcare.gov – slid on Wednesday after prominent short-seller Jim Chanos placed a major short position, citing among various reasons […]

NYTimes – J. Tomilson Hill was a well-known Wall Street deal maker in the 1980s, a skilled merger tactician whose work on the bidding war for RJR Nabisco earned him a role in the book “Barbarians at the Gate,” which […]

PROVIDENCE Journal — Following up on a scathing 105-page report, financial industry critic Edward “Ted” Siedle called on the U.S. Securities and Exchange Commission Monday to investigate “soaring investment fees” and possibly illegal investment practices that the state Employees Retirement […]

Dec 3 (Reuters) – Kenneth Brody, who co-founded Taconic Capital Advisors LP after spending decades at Goldman Sachs, told clients on Tuesday that he plans to retire from day-to-day management at the $8.2 billion hedge fund at the end of […]

Business Insider: Hedge funds looking to spot and ride market trends are hoping for a fresh start IF SOMETHING has not worked for five years, most people would conclude that it was broken. Tell that to the geeks managing “quant” […]

(Reuters) – Half of hedge funds now sell products traditionally the preserve of mainstream asset managers such as “long-only” strategies, a study shows, reflecting how conservative investors have come to dominate the industry’s client base. Hedge funds have made their […]