Yesterday morning, New York time, a company called Clique Fund used the bitcoin blockchain to borrow $10 million in stock. Bitcoin is the world’s most popular digital currency, and the ... Read More
Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules ... Read More
Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy ... Read More
The value of the ruble isn’t the only thing that is vanishing in Russia. A Moscow hedge fund chief executive has disappeared, along with all the money in the ... Read More
A judge said Thursday he’s leaning toward tossing out four guilty pleas in an insider-trading case, the latest fallout from a recent appeals court ruling criticizing prosecutors’ tactics. U.S. ... Read More
Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he ... Read More
This year could be the worst for hedge fund closures since the financial crisis, Bloomberg reported. In first half of the year, 461 funds shut their doors, the report ... Read More
When billionaire Michael Platt flew to the Middle East in September 2013, he was running one of the world’s largest hedge funds. He wanted to make it bigger. He ... Read More
Credit Suisse is trying to find Joseph Galbraith, manager of Galbraith Capital Investment Management, to which the bank says it sent the money in January. In the board game ... Read More
Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief ... Read More
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