Funds have underperformed at a time when they are drawing more and more money from middle class retirement accounts.Stephen Gandel, senior editor - Apr 19, 2013 11:51 AM ET
A study by a Princeton University economics professor letting Wall Streeters off the hook for the financial crisis has a dubious premise.
FORTUNE -- If you believed poor mortgage lending and worthless securities were about to cause the biggest housing bust in American history, would you buy a house? I guess not.
That's the somewhat flimsy premise of a recent study by one Princeton economics professor and two others from the University MOREStephen Gandel, senior editor - Apr 1, 2013 1:22 PM ET
A new arrest at an SAC fund brings the government closer to Steve Cohen's door. Now might be a good time to become a family office in order to avoid future scrutiny.
FORTUNE -- The past few days haven't been kind to Steve Cohen, founder of the mega-hedge fund SAC Capital.
On Thursday, a judge decided not to approve his firm's settlement of insider trading charges with the Securities and Exchange Commission.
A MOREKatie Benner - Mar 29, 2013 2:05 PM ET
Avenue Capital names Rich Furst as chief investment officer.
FORTUNE -- President Obama soon will nominate hedge fund manager Marc Lasry to be the next U.S. Ambassador to France, and his firm is reaching out to investors about its future plans.
Fortune has obtained an email sent by Avenue Capital president Sonia Gardner, who co-founded Avenue with Lasry (her brother) back in 1995. The big news is that Rich Furst will take MOREDan Primack - Mar 18, 2013 11:19 AM ET
Bridgewater Associate's Ray Dalio has long been one of the market's best seers. That could be coming to an end.
FORTUNE -- Here's what needs to be asked about giant hedge fund Bridgewater Associates and its founder Ray Dalio: Is this guy really worth $2 billion a year? That's roughly the amount investors paid his firm in management fees in 2012.
That question got a lot tougher in the past 12 months MOREStephen Gandel, senior editor - Jan 23, 2013 1:03 PM ET
Top hedge fund manager expects the market to drop on fiscal cliff fears.
FORTUNE -- President Obama's favorite hedge fund manager is worried about the fiscal cliff.
Marc Lasry, who was one of the few vocal Wall Street supporters of the president during the election, has 25% of his portfolio in cash. That's nearly double what Lasry normally has going into the end of the year. The reason is the fiscal cliff. MOREStephen Gandel, senior editor - Dec 6, 2012 12:20 PM ET
Embattled British hedge fund gets new U.S. boss.
FORTUNE -- John Rohal has agreed to join troubled British hedge fund manager Man Group PLC as U.S. chairman, Fortune has learned. Expect a formal announcement later today.
Rohal has spent the past eight years with Makena Capital, as a managing director responsible for public equities. He will leave the firm at year-end, in what is being termed a "retirement" for the 65 year-old.
Rohal MOREDan Primack - Dec 5, 2012 10:14 AM ET
Chase Coleman bets on Internet turnarounds in Groupon and Yahoo.
FORTUNE -- Chase Coleman still believes in the power of the daily deal.
Coleman's hedge fund, Tiger Global Management, the top performing hedge fund of 2011, bought shares of Groupon (GRPN) in the third quarter. Tiger Global, like other hedge funds, reported its holdings as of the end of September on Wednesday night. Other new investments for Coleman were ratings agency Moodys MOREStephen Gandel, senior editor - Nov 14, 2012 5:26 PM ET
A hedge fund placed big bets on the company ahead of its IPO -- and they paid off handsomely.
FORTUNE -- Realogy was on the ropes. It was the winter of 2010, and the financial crisis and housing crash had crushed the realty company's revenue. Realogy had long struggled to make interest payments on the giant debt that Apollo had borrowed to buy the company for $8.5 billion. The situation looked MOREKatie Benner - Oct 11, 2012 10:37 AM ET
Jon Corzine has some decisions to make.
FORTUNE -- Jon Corzine is "weighing whether to start a hedge fund," according to a NY Times article that also says the former MF Global boss is unlikely to face criminal charges for his role in the brokerage firm's collapse. Somewhere, the ghost of P.T. Barnum must be smiling.
Seriously, how could anyone trust this guy with their money? Unless someone has discovered a way MOREDan Primack - Aug 17, 2012 2:23 PM ET
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