Tag Archives: majority shareholder

Hedge Firm Says Chief Will Retire

NYT – James H. Simons, one of the most respected money managers in the hedge fund industry, told investors Thursday he planned to step down from day-to-day management of Renaissance Technologies, the firm he founded over 30 years ago. Mr. […]

Former Fannie Mae executive to become Fortress CEO

CNBC – Fortress Investment Group LLC has named former Fannie Mae CEO Daniel H. Mudd as its new CEO, effective Aug. 11. Mudd, a Fortress board member, takes over for co-founder and majority shareholder Wesley Edens. Edens will remain with […]

Hedge Fund Manager Investcorp buys into L’azurde

West Palm Beach (HedgeCo.net) – Hedge fund and alternative investor, Investcorp, along with its consortium partners Eastgate Capital Group and The National Investor, announced the acquisition of a 70% stake in Saudi gold and jewelry makers, L’azurde. L’azurde had 2008 […]