Whilie waiting for Mitt Romney to do the right thing and release a decade’s worth of tax returns (as his opponent, Barack Obama, has already done), I’ve been examining the one return that Romney has released–2010’s. In that return, I’ve discovered a […]

InvestorPlace – Hedge funds are a huge rip-off, having lagged the boring old broader market for years now. True, if you’re not a multimillionaire, you probably don’t care. These things aren’t open to mom-and-pop investors, anyway. But once you realize […]

Reuters – Billionaire hedge fund manager Steven A. Cohen is now officially in the insurance business. SAC Re Ltd, the new reinsurance unit of Cohen’s $14 billion (9.01 billion pounds) SAC Capital Advisors, officially began operations on Monday, the group […]

LA Times – For a few hours this week, William D. Johnson served as chief executive of Duke EnergyCorp. before resigning. His departure package could include $7.4 million in severance, relocation expenses and more, according to a securities filing. Johnson, formerly CEO […]

Reuters – The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules. The Commodity Futures Trading Commission will vote on Tuesday on a […]

ValueWalk – Hutchin Hill Capital is a hedge fund, founded in 2008, by Neil A. Chriss. The fund uses a quantitative (known as quant) approach to investing. Chriss is a former analyst at Steve Cohen’s SAC Capital. Additionally, Chriss was […]

Investment Europe – The criminal investigation surrounding the demise of Weavering Capital, London’s largest ever hedge fund collapse, is being reopened by the UK Serious Fraud Office on the heels of a High Court judgement found founder Magnus Peterson liable […]

Pensions & Investors – The demise of Stark Investments LP’s flagship multistrategy hedge funds is one of the industry’s largest to date, said industry sources. Investors were informed last month that Stark Investment’s multistrategy hedge funds will be closed. But the firm, […]

HedgeWorld – Bob Diamond and the rest of the Barclays board sowed the seeds of their own downfall when they chose to come clean about LIBOR fixing and settle ahead of more than a dozen rivals that are still under […]

Reuters  – Hedge funds have little to brag about halfway through 2012, with some of the industry’s biggest names reporting only small gains and trailing the benchmark U.S. stock index by a wide margin. Paul Tudor Jones’ flagship fund is […]

Forbes – I’ve been asked that question a lot over the past seven weeks, while covering Ellen Pao’s gender discrimination lawsuit against venture capital firm Kleiner Perkins Caufield & Byers. It almost always came from those sympathetic to Kleiner Perkins, as a […]

Market Watch – Last month, Abrams Capital Management, a $1.1 billion hedge fund managed by David Abrams, increased its total holdings of Wesco Aircraft Holdings WAIR +0.08% to 4.5 million shares. The fund now owns 5.2% of the company, along […]