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Hedge fund behind McClatchy bankruptcy set to take over
Hedge fund behind McClatchy bankruptcy set to take over
SATURDAY, FEBRUARY 15, 2020
Bankruptcy may have been inevitable for the newspaper chain McClatchy ever since its ill-fated decision to borrow heavily in 2006 to buy another chain, Knight Ridder, for $4.5 billion.The world's most-profitable hedge fund is now a climate radical
The world's most-profitable hedge fund is now a climate radical
SUNDAY, JANUARY 26, 2020
The hedge fund industry has no shortage of aggressive, in-your-face players, but few are as tough as Chris Hohn. The British billionaire takes the typical playbook to new levels-scuttling deals, pushing to remove bosses, and battering companies with litigation and threats. Hedge fund PointState stops clients from cashing out in full
Hedge fund PointState stops clients from cashing out in full
FRIDAY, JANUARY 10, 2020
PointState Capital, the macro hedge fund started by former traders for billionaire Stan Druckenmiller, is blocking investors from getting all their cash back when they ask to pull money from the firm.Korean investors accuse Lime, Shinhan, Woori of fraud after hedge fund debacle
Korean investors accuse Lime, Shinhan, Woori of fraud after hedge fund debacle
FRIDAY, JANUARY 10, 2020
Three individual investors have filed criminal complaints against representatives of Lime Asset Management, Shinhan Investment and Woori Bank, accusing them of fraud and capital market law violations in the sale of private equity funds, the investors’ legal representatives said Friday.Hedge fund manager admits bilking $20 million from investors
Hedge fund manager admits bilking $20 million from investors
FRIDAY, JANUARY 10, 2020
The co-founder of a Connecticut hedge fund firm pleaded guilty to charges that he defrauded investors of almost $20 million in a Ponzi-like scheme, prosecutors said.Coleman's hedge fund Tiger Global ends 2019 with 33% gain
Coleman's hedge fund Tiger Global ends 2019 with 33% gain
THURSDAY, JANUARY 09, 2020
Chase Coleman's Tiger Global Management returned 33% last year, beating the broader stock market even after slashing its valuation of beleaguered e-cigarette company Juul Labs Inc.