Tag Archives: billionaire


More arrests possible in hedge fund case

Boston.com – Federal investigators plan to charge at least 10 securities professionals with insider trading, some linked to the criminal case against billionaire hedge fund manager Raj Rajaratnam that shook Wall Street last week, people familiar with the matter said […]

30-Something Hedge Fund Billionaire Urges Energy Market Reform

The Business Insider – We’re eagerly awaiting the testimony of energy fund billionaire John Arnold before the Commodity Futures Trading Commission today, and not just for the obvious reasons. Former Enron trader Arnold presumably became the second-youngest self-made billionaire in […]

K+S, Potash Sellers Sink as Rival’s India Contract Roils Market

Bloomberg – K+S AG, Europe’s largest maker of potash for fertilizers, and competitor Israel Chemicals Ltd. fell in local trading after a Russian rival’s contract in India prompted speculation that prices will come under pressure. The drop mirrors declines at […]

Soros says worst of global crisis is ‘behind us’

Reuters – The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets. "Decidedly the worst (of the crisis) is already […]

Peltz, Kurland Seek Stock Sales to Buy Mortgages

Bloomberg – Billionaire Nelson Peltz and former Countrywide Financial Corp. President Stanford Kurland are among at least six investors turning to the public markets to finance purchases of distressed home loans and corporate debt. The investors, most of whom previously […]

Pearl chief Hugh Osmond pays price for capital boost and debt cut

Times Online – Hugh Osmond is sitting on a multimillion-pound paper loss after his Pearl Group life assurer agreed a deal to trim its £3 billion debt burden and bring in new equity investors. Pearl secured a £500 million injection […]

Elliott Associates, Hollywood Power Player

msnbc.com – He is hardly your average movie investor. He cultivates his privacy, and he heads a $13 billion hedge fund that, unlike those run by Carl Icahn and others, rarely mounts a proxy fight. But while most Hollywood bankers […]

Demonizing hedge-fund managers

St. George Daily Spectrum – According to the Center for Responsive Politics, hedge funds and private equity firms donated $2,992,456 to the Obama campaign in the 2008 cycle. Obama, vocal critic of the campaign finance practice known as "bundling," accepted […]

George Soros talks up the global recovery

First Post – Hopes are growing that the world has turned the corner, after a number of high profile figures made encouraging noises about the state of the global economy. Billionaire hedge fund manager George Soros said that "the economic […]

Ex-Soros protégées said to be winding down hedge fund

Wealth Bulletin – Satellite Asset Management, a $2.8bn (€2.1bn) hedge fund established by former employees of billionaire George Soros, is winding down due to investor redemptions, Bloomberg said on its website late Friday, according to a Reuters report. The New […]

Satellite Asset Management shutting down

Reuters India – Satellite Asset Management LP, a $2.8 billion (1.84 billion pounds) hedge fund founded by former employees of billionaire George Soros, is closing down because of client withdrawals, Bloomberg said on its website late Friday. The New York-based […]

Soros Fund Fined $2.2 Million by Hungarian Regulator

Bloomberg – Billionaire investor George Soros’s Soros Fund Management LLC was fined 489 million forint ($2.2 million) for attempting to manipulate the share price of OTP Bank Nyrt., Hungary’s largest bank, the country’s financial regulator said. The Soros fund attempted […]

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