Author Archives: hfupdate

Eisman to Leave FrontPoint Partners

Steve Eisman, the colorful hedge fund manager who made a fortune betting against the subprime mortgage market, is leaving FrontPoint Partners, which has been decimated by an insider trading scandal. (view story)

Advertisements

Ballmer Must Go, Einhorn Says

David Einhorn, a long-time Microsoft shareholder, contends that the company has floundered under the stewardship of Steven Ballmer (view story).

Citadel’s Griffin Debates Dodd-Frank

At an industry conference, Kenneth Griffin, Citadel’s founder, debated the merits of the regulatory overhaul law with former Senator Christopher Dodd and David Axelrod, a top presidential adviser. (view story)

SAC’s Cohen’s Tells of ‘Rough Six Months’

In a wide-ranging interview with Bryan Burrough of Vanity Fair, the hedge fund titan berates the press, describes how he has changed and tells how he once thought of taking SAC public. (view story)

Former FrontPoint Manager Charged With Insider Trading

Joseph F. Skowron, who specialized in health care funds, also faces charges for conspiring to hide his role in an illicit trading scheme, prosecutors said. (view story)

The Cult of Bridgewater

New York magazine goes inside the giant hedge fund Bridgewater Associates (firm profile) and its enigmatic leader, Ray Dalio, who has infused his firm with the teachings of Transcendental Meditation. (view story)

Many Hedge Funds Still Smarting From the Financial Crisis

About a third of all hedge funds are struggling to reach their historic highs from before the downturn so can collect profit again. (view story)

Louis Dreyfus Highbridge in $1.95 Billion Energy Sale

A joint venture is buying a pipeline and natural-gas liquids storage and processing plants in Texas and Mississippi. (view story)

Man Group Sells Back Stake to BlueCrest

The $633 million deal comes just a year after Man’s merger with GLG Partners. (view story)

‘World Does Need Order,’ Soros Says

The billionaire financier George Soros talks about global financial regulation, European bailouts and Carl C. Icahn’s latest letter. (view story)