Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”
Category: Hedge Funds
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Southwest Airlines Lays Out Changes and New Offerings
The move came after the hedge fund Elliott Management, which has more than 10 percent of the airline’s shares, called for cost containment and better profits.
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Southwest Airlines Agrees to Board Changes After Pressure From Elliott
The airline has been under pressure from the hedge fund Elliott to replace its top management and make other changes to increase its profits.
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Criminal Charge Against Andrew Left of Citron Research Unsettles Short Sellers
Andrew Left is fighting a range of criminal and civil charges related to his trading practices, and other investors who make money by betting on a decline in stock prices are watching closely.
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Hedge Fund Pushes for End of Murdochs’ Control at News Corp
Starboard Value, a fund that takes stakes in companies and agitates for changes, said that political disagreements among Rupert Murdoch’s children could be “paralyzing” for the media firm.
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Two Sigma Hedge Fund Replaces John Overdeck and David Siegel as Co-C.E.O.s
The multibillion-dollar trading firm said that its billionaire co-chief executives, John Overdeck and David Siegel, would step down.
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How Wall Street Learned About Last Week’s Labor Data Before the Public
The Labor Department provided insight into a recent lapse in which revised payrolls data were given out à la carte before they were online.
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Bill Ackman Scales Back Multibillion-Dollar Fund I.P.O.
An investment fund from William Ackman aims to raise around $2 billion, according to a regulatory filing, a fraction of what was originally envisioned.
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Wall Street Republicans Worry About Vance as Trump’s Running Mate
The financial world’s heavy hitters fear being marginalized in Washington after former President Trump chose a running mate openly hostile to Wall Street.
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Multibillion-Dollar Fraud Trial Against Archegos Founder Nears Its End
Prosecutors and lawyers presented closing arguments in the case against Bill Hwang, who is charged with 11 counts including securities fraud and racketeering.
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S&P and Stocks So Far This Year: Turbulence Behind Gains
The S&P 500 has climbed sharply this year, with few big swings. Below the surface, though, there’s a great deal of turmoil
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Court Strikes Down S.E.C.’s Fee Disclosure Rule for Funds
Private equity and hedge funds had appealed the regulator’s August ruling requiring them to disclose their fees and expenses to investors.