Hedge funds are in positive gain territory so far this year, but they're still lagging the S&P 500. A new report from Goldman Sachs notes that hedge funds have gained 5.4 percent on average...
Is Steven Cohen likely to be criminally charged?
The latest flurry of subpoenas and the admission by SAC Capital that it was cooperating less with prosecutors may be a sign that any recent hope for a settlement is now off the table. In a good faith negotiation, pressure tactics are held in check. When the good faith runs out, both sides pull out all the stops.
The flurry of activity in the investigation of SAC Capital and embattled founder Steven Cohen reflects a pressing deadline. A five-year statute of limitations on bringing criminal charges against Cohen and his company looms this summer. So it is really now or never for prosecutors.
Image counts a lot in the hedge fund industry. So if you are a hedge fund manager and you let it be known that you also play poker, you had better play pretty well. Poker is taken quite seriously in the industry. Success in poker is something that you would definitely want on your resume.
Criminal investigators have sent a new, apparently quite aggressive round of subpoenas to SAC Capital. The requests seem to be pushing the high-profile investigation to the moment of truth in the quest to bring criminal charges against the embattled hedge fund and its founder Steven Cohen.
The headline news out of Preqin's recent Hedge Fund Spotlight was that long/short hedge funds are faring well, outperforming all other strategies in the first quarter and finding favor with more institutional investors.
The conventional wisdom holds, somewhat grudgingly, that these are great times for hedge funds.
Former Citigroup CEO Vikram Pandit is back in the saddle. He'll hopefully be riding high as an investor in JM Financial. The Indian company has announced that Pandit is part of a small group of...
Anthony Chiasson became the latest ex-hedge fund employee to receive jail time for insider trading. He was found guilty last month by a jury, and sentenced this week to six and a half years in...