FrontPoint Partners, a $7 billion hedge fund under fire for allegations that a manager there benefited from insider information, has received about $3 billion in redemption requests, according to a person with knowledge of the matter. The huge calls by investors for their money back come at a time of investor nervousness following the raid [...]
The hedge fund manager David Tepper has done well again by betting on the moves of Washington. Mr. Tepper, who runs Appaloosa Management, a $14 billion hedge fund in Short Hills, N.J., told CNBC in late September that the Federal Reserve’s willingness to intervene in the market with quantitative easing meant that most investments — [...]
By THOMAS KAPLAN 7:58 p.m. | Updated Warren E. Buffett announced Monday that his company, Berkshire Hathaway, had hired a hedge fund manager to oversee a “significant portion” of its investment portfolio, adding one more name to the guessing game about his eventual successor. The manager, Todd Combs, 39, has spent the last five years [...]
William Ackman is not exactly the shy, retiring type. Unlike most of his counterparts, who tend to be tight-lipped and secretive, the hedge fund manager who runs Pershing Square Capital Management mostly operates in the open — and is anything but reticent about sharing his thoughts. But while critics may deride his need to be [...]
It’s been a busy day for the hedge fund manager William A. Ackman. Along with disclosing his 16.5 percent stake in J.C. Penney, Mr. Ackman has revived the ghost of Howard Hughes. Mr. Ackman will become chairman of the new Howard Hughes Corporation, named for the eccentric, reclusive tycoon who died in 1976, which will [...]
Anthony Scaramucci, the hedge fund manager of SkyBridge Capital, made headlines last month when he asked President Obama on television when he was going to “stop whacking Wall Street like a piñata.” Since then, Mr. Scaramucci has become the piñata, taking hits in the media for his apparent naiveté from the comedian Jon Stewart and [...]
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