Exclusive – Oaktree group to sell U.S. foreclosed homes: sources
NEW YORK (Reuters) - Oaktree Capital Group is leading an effort to put up for sale roughly 500 fully-leased homes, an indication some early investors are looking to cash-out on...
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Ackman quits J.C.Penney board, removing distraction
(Reuters) - Hedge fund billionaire Bill Ackman's two-year campaign to transform department store J.C. Penney came to an abrupt end on Tuesday with his decision to step down from the...
Steven Cohen throws a party despite his fund’s indictment
(Reuters) - Hedge fund billionaire Steven A. Cohen did not let the filing of criminal charges against his $14 billion SAC Capital Advisors get in the way of a party...
Liberty Reserve’s website cited anti-money laundering policy
NEW YORK (Reuters) - Older versions of the website for Liberty Reserve, a company U.S. authorities claim was a money transfer hub for criminal gangs trafficking in drugs and child...
Liberty Reserve’s website cited anti-money laundering policy
NEW YORK (Reuters) - Older versions of the website for Liberty Reserve, a company U.S. authorities claim was a money transfer hub for criminal gangs trafficking in drugs and child...
Blackstone notifies Cohen’s SAC it intends to pull money: pension consultant
(Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is...
Prosecutors’ subpoena of SAC’s Cohen puzzles defense lawyers
NEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge...
Special Report: Cheap money bankrolls Wall Street’s bet on housing
LAS VEGAS (Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qualified...
Exclusive: Cerberus seeks to bankroll investor landlords
NEW YORK (Reuters) - Private equity firm Cerberus Capital Management wants to provide financing to small investment firms that are buying foreclosed homes as part of a long-term bullish bet...
In lawsuit against S&P, a surprise appearance from Talking Heads
NEW YORK (Reuters) - When the housing market was on the road to nowhere in 2007, one ratings analyst found an unlikely muse: the post-punk band Talking Heads. The analyst...