Embattled hedge fund boss Jason Ader has been living it up in Miami while clients demand cash back
A hedge fund boss who is being sued by his biological mother over unpaid debts lives a wealthy life in Miami and pays high prices even as his employees flee and clients demand his cash back. The Post has learned that he has been on a number of vacations. In a letter to investors, Jason […]
Billionaire Marc Lasry says former hedge fund executive is trying to blackmail him for $50M: lawsuit
A lawsuit filed by hedge fund mogul Mark Lasry alleges that a former female executive at his company tried to extort him out of $50 million by threatening to spread false allegations about the company. According to a complaint filed Friday in New York state court, Avenue Capital Group's co-founder says that if Gina Strum […]
Hedge fund mogul Larry Robbins seeks overhaul at struggling CVS: report
According to reports, hedge fund tycoon Larry Robbins met with executives of struggling drugstore chain CVS on Monday to discuss a revitalization plan that the Glenview Capital founder hopes will improve the company's operations. He plans to present it. Mr. Robbins, 55, made his name in 2012 by betting on health care companies he thought […]
BlackRock Says Clients Are Buying Bitcoin to Hedge Against US Debt Crisis – Decrypt
teeth Bitcoin “Risk-on” or “risk-off” assets? Analysts at BlackRock, the world's largest asset manager, say major digital currencies don't fit into either category. in PowerPoint Document BlackRock said in a statement on Wednesday that its clients see bitcoin as insurance against a possible U.S. debt crisis, noting that the cryptocurrency has “little fundamental exposure” to […]
Billionaire hedge fund manager John Paulson says he’ll pull money from market if Kamala Harris wins presidential election
Billionaire hedge fund manager John Paulson has warned that he will pull his money out of US markets if Vice President Kamala Harris wins November's presidential election against former President Donald Trump. The Paulson & Company founder and megadonor to President Trump made the shocking revelation during an appearance on Fox Business' “The Cramer Countdown” […]
NY hedge fund titan Boaz Weinstein set to divorce ex-Manhattan DA candidate Tali Farhadian
Boaz Weinstein, the New York hedge fund mogul who made his fortune betting against JPMorgan, is separating from his wife, Tali Farhadian, a one-time candidate for Manhattan district attorney, The Washington Post has learned. Lawyers for Weinstein, a 51-year-old longtime Democratic donor, filed for divorce on April 4 from his wife of 14 years, who […]
Hedge fund boss Ross Stevens sued over ‘unpaid bonuses’
The Wall Street hedge fund manager who recently rescinded a $100 million donation to the University of Pennsylvania on anti-Semitism grounds is now being sued over allegations that the company refused to pay a multimillion-dollar bonus owed to one of its former executives. Ross Stevens, who made headlines last December when he withdrew a huge […]
Bill Ackman’s hedge fund bets on Nike in first new investments in over a year
Billionaire investor William Ackman picked up new stakes in sportswear company Nike and investment management firm Brookfield in the second quarter, according to regulatory filings filed Wednesday. This marks Pershing Square’s first new investment, which manages about $17 billion in assets, since the firm pumped money into Google parent Alphabet in the first quarter of […]
The big EV push flopped; time to hedge our bets
There’s only one reason automakers like Ford and GM are backing away from ambitious EV plans: customers. Contrary to the enthusiastic predictions of Elon Musk, environmental groups, and other industry and government “experts,” the love affair between EVs and American consumers appears to have fizzled after a honeymoon period of strong sales volumes. Meanwhile, China […]
Steve Cohen’s Point72 and Ken Griffin’s Citadel lead 2024 hedge fund rebound
Mets owner Steve Cohen’s Point72, Ken Griffin’s Citadel and Izzy Englander’s Millennium were among the best-performing hedge funds in the first half of the year as Wall Street’s biggest investment firms rebound from a weak 2023. Point72, the Connecticut-based hedge fund run by Cohen, is up 8.7% this year. Obtained by Business Insider. Flagship funds […]