hedge fund manager

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This Just Became America's Most Expensive Home

Hedge fund boss Ken Griffin nabs NYC condo, London mansion in same month

(Newser) - Billionaire Ken Griffin, who has several very nice homes, has just added a crown jewel—one that cost roughly $9,917 per square foot. The Citadel hedge fund founder has purchased the penthouse at 220 Central Park South in New York City for $238 million, making it the priciest home...

$35B Hedge Fund Manager's Secret: Do Nothing

Nevada's Steve Edmundson is a rare find in the investment world

(Newser) - If your visions of high-profile hedge fund managers include frenetic scrambling through paperwork, fielding endless phone calls, and scouring the Internet during never-ending workdays, those don't apply to Steve Edmundson, the investment head of Nevada's $35 billion Public Employees' Retirement System, the Wall Street Journal notes. Where other...

Cops Hunt Hedge Fund Boss in Banker's Murder

Plus: Possible banker murder-suicide investigated in Netherlands

(Newser) - The hunt is on for an "armed and dangerous" man in tiny Liechtenstein. Police say hedge fund manager Juergen Hermann is suspected of shooting and killing the CEO of Bank Frick in an underground parking lot, the Local reports. According to Swiss reports, the victim was Juergen Frick, 48,...

Sustainable Farm Fuels the Left's Sheldon Adelson

Hedge fund billionaire Tom Steyer pushes environmental issues

(Newser) - A hedge-fund billionaire and his wife, a community bank CEO, originally aimed to use their 1,800-acre California ranch to show off soil conservation techniques—but today, it's become a model sustainable farm, and apparently a highly profitable one. At TomKat Ranch, Tom Steyer and Kat Taylor raise grass-fed...

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...

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...

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...

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 ...

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...

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...

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