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NEWS ABOUT: hedge fund manager

Investor to Microsoft: Ditch 'Charlie Brown' Ballmer

David Einhorn calls for Steve Ballmer's head

(Newser) - Big-time hedge fund manager David Einhorn called for Steve Ballmer’s head yesterday, saying Microsoft suffered from “Charlie Brown management.” Einhorn’s Greenlight Capital has been snapping up Microsoft shares, which, he told the Ira Sohn Investment Conference, are at a “remarkable discount” because of Ballmer’s... More »

Insider Trading Probe Looks at Fund King's 'Big Book'

Steven Cohen fund made trades suggested by pair who have copped to insider trading

(Newser) - Federal prosecutors are looking into a massive hedge fund run by industry giant Steven Cohen as part of a sweeping insider trading investigation . They’re specifically looking at trades suggested by a pair of ex-employees of Cohen’s SAC Capital Advisors who have pleaded guilty to insider trading (in the... More »

Hedge-Fund Tycoons Ditch Obama for GOP

They feel betrayed by president's tough talk

(Newser) - Daniel Loeb used to be one of Barack Obama’s biggest supporters, but these days he’s raising huge piles of money for Republicans. Why? Well the president appears to have hurt his feelings, the Wall Street Journal observes. “I am sure, if we are really nice and stay... More »

Crooks Show How Not to Cover Tracks

When destroying evidence, try to be discreet about it

(Newser) - It's bad enough two hedge fund managers have been charged with insider trading, but they're also being ridiculed for incompetence in trying to cover up their alleged misdeeds: “The evidence laid out in the complaint is largely the defendants’ own words," an FBI official tells the New York ... More »

This Man Made $5B Last Year

John Paulson scores big with merely decent performance

(Newser) - Hedge-fund manager John Paulson personally raked in $5 billion in profits in 2010, which is “likely the largest one-year haul in investing history,” according to the Wall Street Journal , beating even the nearly $4 billion Paulson made betting against subprime mortgages in 2007. To put the number in... More »

Hedge Fund Managers Rake In Record $25B

Top 25 managers cleaned up by betting on bank bailout

(Newser) - Betting correctly that the federal government would not let more banks fail after the cruel denouement of 2008, hedge fund managers engineered a record payday for themselves in 2009. The top 25 brought in $25.3 billion, topping 2007’s record by a healthy margin, and the $4 billion taken... More »

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