Billionaire Bill Ackman takes slice of Domino's Pizza
Billionaire hedge fund manager Bill Ackman has amassed a nearly 6% stake in Domino’s Pizza Inc. while exiting his position in Starbucks Corp.
Credit Suisse's exposure to Archegos Investments grew to more than $20 billion
Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter.
Amid GameStop frenzy, Elon Musk gets half-hearted support from Einhorn
Hedge fund manager David Einhorn “half-heartedly” defended nemesis Elon Musk in his quarterly letter to investors amid accusations the Tesla CEO helped fuel the recent short-squeeze in GameStop shares.
Goldman risk group examines 2021 market events for lessons
Goldman Sachs Group Inc (GS.N) executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters.
GameStop investor Melvin Capital lost 49% on its investments in first quarter: source
BOSTON - Melvin Capital, the hedge fund at the center of the GameStop GME.N trading frenzy, lost 49% on its investments during the first three months of 2021, a person familiar with the matter said on Friday. The fund, founded by Gabe Plotkin, lost 7% in March, the source added, speaking on condition of anonymity
GameStop's strong stock performance triggered board director's exit
Hestia Capital Partners LP managing director Kurt Wolf joined GameStop Corp's board to make the U.S. video game retailer more valuable. Then it became too valuable for him to stay on.
Toshiba gets takeover bid from private equity firm CVC
Toshiba Corp. said Wednesday that it has received an acquisition proposal from private equity firm CVC Capital Partners
Archegos’ Bill Hwang created wealth at a historic pace before losing it all, a FOX Business investigation shows
Before his epic collapse this week losing an estimated $8 billion or possibly in 10 days, hedge fund trader Bill Hwang increased the size of his fortune a staggering 900% or more in just seven years.
Wells Fargo: No Archegos losses
The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.
Goldman, Morgan Stanley limit losses with fast sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions.
Dow hits record as US banks less exposed to hedge fund's liquidation
The Dow Jones Industrial Average rallied to record highs Monday despite selling pressure in financials and elsewhere after a large hedge fund was forced to unwind billions of dollars in positions.
Credit Suisse warns on “highly significant” loss tied to hedge fund
Archegos Capital Management may be linked to possible losses for global banks.
Rocket shares, Quicken Loans parent, have worst day ever
Rocket, billionaire Dan Gilbert's company, joins GameStop as a Reddit favorite.
GameStop, Bitcoin dominate Biden’s SEC pick Gary Gensler’s confirmation hearing
Amid GameStop drama, Biden's pick to run the SEC Gary Gensler is on Capitol Hill.
Amid GameStop craze, Biden's SEC nominee Gary Gensler on Capitol Hill
Biden's SEC Chair pick Gensler will inherit GameStop, short-selling trading crisis.
Huge losses on derivative trades at Geode Capital Management force hedge-fund business shutdown: WSJ
Huge losses on derivative trades at Geode Capital Management have forced the giant investment firm to close down its hedge-fund business.
Fanatics scores China deal, IPO may be next play
Fanatics Inc, the world’s biggest licensed sports merchandise retailer, said on Thursday it was expanding into China via a venture with private equity firm Hillhouse Capital Group, as the e-commerce platform considers a possible public listing.
GameStop CFO resigns following Reddit stock trading mania
The company has launched a search for Bell's permanent replacement, noting that they are seeking a CFO with "the capabilities and qualifications to help accelerate GameStop’s transformation." The search, which will evaluated both internal and external candidates, is being conducted by a "leading executive search firm."
Hedge fund Bridgewater shakes up leadership after a losing year
Bridgewater Associates is shuffling its management ranks after one of the most challenging years in the hedge-fund giant’s history.
Bill Ackman's Pershing Square hedge fund reports record 2020 returns
Activist hedge fund manager William Ackman, whose bets on companies are closely watched, updated investors on how his flagship fund earned a record 70.2% return in 2020 on Thursday in a socially distanced way by sending out a 57-page presentation.