Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year after he appointed long-time colleague Munib Islam to be his co-chief investment officer, according to a letter the firm sent its investors.
Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades.
Citadel makes a key disclosure on Tesla.
SkyBridge submitted redemptions of more than $1 billion to managers in order to pay back its investors and shift around its investments after the fund suffered a 23 percent loss in March.
SkyBridge Capital founder Anthony Scaramucci says Citigroup's private bank "issued a sell" on his flagship fund.
If small businesses don't have access to the stimulus funds, they will increase layoffs — many of these employees are minorities and all of them working-class Americans — or face bankruptcy, as is happening today.
The wealthiest people in the world have seen especially dramatic losses: According to the Bloomberg Billionaire Index, the world’s 500 richest people have lost almost $1.3 trillion
Coronavirus made billionaire Jeffrey Gundlach do something he hasn't done in years.
The world’s largest hedge-fund firm took a big hit to its funds as it got caught out by the market impact of the coronavirus
The U.S. government has been working harder to meet the needs of fossil fuel companies rather than American citizens, according to Democratic presidential contender Tom Steyer.
World health officials have expressed "great concern" that the disease is spreading between people outside of China.
The hedge fund's campaign demanding $6 billion in dividends and board seats was thwarted in March.
The record-setting year occurred despite net outflows of $13.6 billion in the fourth quarter.
3Q launches fell to the lowest level since 4Q of 2008.
You need big bucks to buy at 220 Central Park South.
A mentor and a mentee talk talent and success.
The Agilent stake was is valued at $246 million.
The most powerful woman in the hedge fund industry is leaving Bridgewater Associates after a decade with the firm.
The hedge fund titan fires back over a report of a $1.5 billion bet.
McKellar served as the only general counsel of Mithril.