Hedge funds are bringing back collateralized debt obligations, or CDOs. These are the same financial vehicles that caused the severe financial crisis of 2008. A CDO is essentially a collection of debt, often home mortgages, […]
Tag: Hedge Funds
Many Hedge Funds Displaying Worst Performances Since 2008 As Stocks Decline
Some hedge fund managers are experiencing their worst losses since the financial crisis of 2008, even though the economy is performing well now. Hedge fund managers David Einhorn and Michael Novogratz have seen losses of […]
America’s Four Largest Airlines And Their Shareholders Are Facing A Major DOJ Antitrust Investigation
Antitrust officials in the United States are examining whether or not the country’s four biggest airlines formed a sort of airline cartel, in which they worked together in order to keep airfares high. It is […]
Hedge Fund Manager Turned Pharma CEO Defends 5,500% Price Increase Of AIDS Drug
In what is being blasted as one of the worst cases of abject greed seen for sometime, a former hedge fund manager turned pharmaceutical entrepreneur has bought the rights to a drug used to treat life-threatening […]
Two Ex-Harvard Endowment Managers Are Rewriting The Rules On Hedge Fund Fees
Robert Atchinson and Phillip Gross have changed the traditional rules of hedge funds, by allowing members of their Adage Capital Management LP to retain all of their trading profits, with the promise to reimburse them […]
This Obscure Hedge Fund Has Just Become The Largest Buyer Of U.S. Treasury Bills
Using a leverage-heavy strategy that was popular before the 2008 financial crisis, Element Capital Management LLC has been making large moves in the $12.8 trillion U.S. Treasury market in recent months. The strategy has been […]
Senators Start Inquiry Into ‘Ambulance Chaser’ Hedge Funds That Gamble On Lawsuits
Two top dog Republican senators – John Cornyn of Texas and Chuck Grassley of Iowa – have started an investigation which will examine what “the impact of third-party litigation financing is having on civil litigation.” […]
Citigroup Fined Again, This Time For Lying To Hedge Fund Investors
Two Citigroup Inc. associates will pay $179.5 million to determine federal regulators’ charges of confusing investors in hedge funds that collapsed. On Monday, the Securities and Exchange Commission publicly declared the resolution with Citigroup Alternative […]
Feds Bust Hedge Fund For Stealing Inside Information By Hacking Companies
In a first for the United States government, federal prosecutors have brought a criminal case against defendants alleging a securities fraud scheme involving illegally hacked inside information. Prosecutors in Brooklyn, New York have charged nine […]