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There was a day when George Soros ruled the hedge fund universe. He practically defined it. The story of his famous bet against the pound--taking on the British government--is the stuff of legend.... Read more...
So who invested in Lehman Brothers? That's the big question. All we know is that Lehman intends to raise $3 billion from American institutions, not sovereign wealth... Read more...
Registered investment advisers have a pretty compelling pitch when it comes to graying clients. They aren't commission-based guys. They're thinking less about trades and more about your portfolio in... Read more...
Do you recall Bank of America CEO Ken Lewis' statement that he's had about all the fun he can stand in investment banking? This after the... Read more...
Now this is interesting. The New York Times reports on the emergence of neurofinance as an academic pursuit that "combines psychology, neuroscience and economics, to examine how the brain makes... Read more...
There are so many players in the exchange game these days that it's hard to handicap the field. BATS has made a huge move as of late, and has become the third largest trading venue, behind the Read more...
The question on everyone's mind is: how did he do it? Societe Generale believes that, Jerome Kervial placed large long bets in one portfolio and then created fake hedges in another portfolio. So... Read more...
Thanks to Bill Gross, Pimco's famed bond fund manager, the idea that the credit default swaps market could blow up is floating around. He noted this week that new systemic risks from CDS might crop... Read more...