Bloomberg – Hedge funds cut wagers on a gold rally to a five-year low as a record quarterly drop drove prices below $1,200 an ounce for the first time since 2010 and Goldman Sachs Group Inc. forecast more declines. Money […]

Bloomberg – MST Capital Pty, run by Sydney-based former UBS AG (UBSN) trader Gerard Satur, raised A$10 million ($9.1 million) from wealthy investors for a global macro strategy that will start today. The strategy, Baruch Global Macro Fund, will shadow the strategy […]

Forbes – A well-balanced investment portfolio might contain a mix of stocks, bonds, cash, real estate and what are known in financial circles as “alternative investments.” This last mysterious category includes (among other exotica) 10,000 hedge funds now wielding nearly […]

Guardian – A senior Vatican cleric suspected of trying to help rich friends bring millions of euros into Italy illegally has been arrested as part of an investigation into the Vatican bank. Monsignor Nunzio Scarano, 61, who worked as a senior accountant in the […]

CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]

CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]

Reuters – One of London’s largest hedge fund firms, Lansdowne Partners, has named Alex Snow, the former head of UK Investment Banking at Investec, as its new chief executive officer. Snow will take over from Lansdowne co-founder Paul Ruddock, who […]

Bloomberg – Nicholas Wells, Nomura Holdings Inc. (8604)’s former head of equities program trading, has left the bank and plans to join hedge-fund firm Millennium Management LLC, according to two people with knowledge of the matter. Wells will be joined at […]

Nasdaq – Investor Ray Dalio , founder of the $150 billion hedge fund Bridgewater Associates, has developed a unique view of the economy, comparing it to a machine. In March, he told CNBC that he expects stocks to perform well […]

Guest Of A Guest – This just in: Apparently even billionaires have pest control problems, or so one might surmise from the flock of wild birds terrorizing the SAC trading floor yesterday. Steven Cohen’s $14 billion hedge fund in Stamford […]

Reuters – A trader allegedly connected to a global rate-rigging scandal has left hedge fund Brevan Howard, the company said on Thursday. Chris Cecere, who joined Brevan Howard’s Geneva office in 2010 from Citigroup Inc., has left the hedge fund […]

Yahoo – One of the most popular trading ideas among tech funds is to short BlackBerry — more than 30% of its stock was sold short recently. And another very popular idea has been going long on Apple, of course. As we all […]