Cohen’s SAC will close London office by year-end: memo
NEW YORK (Reuters) - Steven A. Cohen's SAC Capital Advisors will shut its London office by the end of the year as the hedge fund downsizes in response to a...
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Sotheby’s adopts ‘poison pill’ after Loeb raises stake
NEW YORK (Reuters) - Auction house Sotheby's said Friday it adopted a "poison pill" two days after activist investor Daniel Loeb's Third Point hedge fund called for a management shake-up...
Loeb wants Sony to lay out specific goals for entertainment unit
NEW YORK (Reuters) - Hedge fund manager Daniel Loeb expects Sony Corp to lay out a specific improvement plan and set financial targets for its entertainment business before the company's...
U.S., Japanese stocks boosts Loeb’s Third Point fund
NEW YORK (Reuters) - Bets on U.S. and Japanese stocks helped Daniel Loeb's hedge fund, Third Point, gain 3.3 percent during the second quarter, even as equity and bond markets...
Hedge funds in June post first decline of the year
NEW YORK (Reuters) - Hedge funds recorded their first monthly loss in eight months in June, as they battled volatile stock and bond markets, according to data published on Monday...
A cruel, cruel summer for U.S. credit funds
NEW YORK (Reuters) - It's shaping up to be a brutal summer for bond investors as the bloodbath in the U.S. credit market shows no signs of letting up, even...
SAC redemptions grow, as Magnitude Capital joins in
NEW YORK (Reuters) - Investor redemptions from Steven A. Cohen's SAC Capital Advisors continue to mount, with Magnitude Capital emerging as the latest outside investor asking to get money back...
In Vegas, investors strip hedge fund managers of their secrets
LAS VEGAS (Reuters) - In Las Vegas this week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio hotel backdrop of glitz and...
Hedge fund chief Paulson loses big on gold
NEW YORK (Reuters) - Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the...
Tough times for hedge funds that bet on market tumult
NEW YORK (Reuters) - Nelson Saiers, a trader and math whiz, runs the type of hedge fund that tends to perform best when markets are going haywire. The $600 million...