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Eddie Lampert Accused of Running Sears Like Hedge Fund
Bloomberg’s Mina Kimes reports on Eddie Lampert’s leadership style at Sears. She speaks on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg) 'Get ValueWalk's Daily Edition By Email...
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Hedge Fund Earnings Preview; Fortress, Och-Ziff
According to Credit Suisse Group AG (NYSE:CS) the hedge fund managers to report solid trends in 2Q 13 despite the broad-based June declines in equity and bond market prices. Credit Suisse:...
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Blackstone Opens Mutual Fund For Individual Investors
The Blackstone Group L.P. (NYSE:BX), one of the largest investment and advisory firms worldwide, announced that it is opening a mutual fund in an effort to attract individual investors. According to...
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James Dinan’s York Capital Loses Across All Funds In June
James Dinan’s stream of positive returns was pulled much lower in the last two months as flagship strategies slid into the red zone. York Capital Management, with AUM worth $15.5 billion, follows event...
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Paul Krugman Kicks Lampert While He’s Down
Paul Krugman is on the attack after reading Mina Kimes’ profile of hedge fund billionaire Eddie Lampert in Bloomberg Businessweek, whose management strategy is being blamed for Sears Holdings Corp...
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North American Hedge Funds Not Prepared For New AIFMD Regulations
Beginning on July 22nd, 2013, The Alternative Investment Fund Directive, also known as AIFMD, will go into full effect throughout all 27 EU member states. AIFMD is an EU regulation of alternative...
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SEC Rejects $18M Settlement With Falcone, Harbinger Capital
The Securities Exchange Commission (SEC) voted not to approve the agreement with Philip Falcone’s Harbinger Capital Partners. The regulator informed Harbinger Capital of its decision yesterday,...
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John Paulson To Testify In A Case Against Ex Goldman Sachs’ Tourre
John Paulson, billionaire investor and manager of hedge fund Paulson & Co, will testify in the civil fraud case filed by the United States Securities and Exchange Commission (SEC) against Fabrice...
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Julian Robertson: Steve Jobs Could Not Have ‘Saved’ Apple [VIDEO]
Julian Robertson, founder and CEO of Tiger Management, appeared on “Bloomberg Surveillance” today with Tom Keene, Sara Eisen and Scarlet Fu and said that Google Inc (NASDAQ:GOOG) has built a better...
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Blackstone Group Looks Best Poised in Alternatives Amid Rising Rates
William R Katz, Neil Stratton and Steven J Fullerton of Citigroup Inc. (NYSE:C) continue to see further evidence that Alternatives are diversifying their businesses, deploying dry powder despite upward...
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Balyasny Asset Management Gains In Q2, Hires New CFO
Having a low correlation to S&P 500 should have paid off in the last two months as all major stock markets took a dip for the worse. This seems to be true for Balyasny Asset Management, which...
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DOJ Poised To File Criminal Charges Against SAC Capital
The United States Department of Justice (DOJ) is expected to file a criminal case against SAC Capital, the hedge fund headed by billionaire investor Steven A. Cohen, on Thursday, according to a report...
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SAC Capital Advisors Charged With Securities And Wire Fraud
As expected, the Department of Justice filed criminal charges against SAC Capital, the hedge fund managed by billionaire investor Steven Cohen today. The hedge fund and three of its affiliates has been...
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SAC Capital Advisors Pleads Not Guilty To Fraud Charges
SAC Capital Advisors pleaded not guilty to security and wire fraud charges in federal court in New York on Friday. Yesterday, the Department of Justice filed criminal charges against SAC Capital. Three...
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SAC Capital Tipster Arrested By FBI In California
The Federal Bureau of Investigation (FBI) arrested an equity analyst covering the technology sector. An alleged tipster for embattled hedge fund SAC Capital Advisors, the analyst was arrested in...
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St. Joe Explores Opportunities To Sell Timber And Rural Lands
The St. Joe Company (NYSE:JOE), a real estate developer and manager in Florida is exploring potential opportunities to sell timber land, rural land, and/or related timber rights, according to its...
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David Einhorn Maintains Stake In Apple Inc. (AAPL) Despite Big Losses
“Sometimes, you just can’t win. Apple Inc. (NASDAQ:AAPL) was our largest loser in the quarter falling from $442.66 to $396.53 per share,” said hedge fund manager, David Einhorn of Greenlight Capital...
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Scout Capital Reduces Stake In DineEquity
Scout Capital Management, a hedge fund co-founded by James Crichton and James Weiss reduced its stake in DineEquity Inc (NYSE:DIN), the parent company of Applebee’s Neighborhood Grill & Bar and...
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Quant Hedge Fund ‘Roc Capital’ Blows Up
New York-based hedge fund Roc Capital Management LP is said to be closing down its main fund after a few years of lackluster performance. Beginning in 2009 with slightly over $1 billion in capital,...
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Man Group Earnings Beat Estimates Amid Client Outflows
MAN GROUP PLC (LON:EMG) (OTCMKTS:MNGPF) reported earnings for the first half of the year on Friday that beat the analyst’s estimates, despite the consistent loss of clients. In recent years, the...
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