Hedge fund star David Einhorn has seen the assets of his fund, Greenlight Capital, shrink by more than half in four years, The Wall Street Journal reported Wednesday. Einhorn was known for his investing prowess, resulting in the nickname “King David.” But Greenlight Capital’s assets have reportedly shrunk from $12 billion in 2014 to $5.5…
After a week that’s seen him in trouble for his social media activities, President Trump re-tweeted praise on Monday from Jacob Wohl, a youthful Jewish hedge funder and seeming mini-me. When Obama was President, the #MSM LOVED talking about stock market rallies! Now they barely mention new all-time-highs — Jacob Wohl (@JacobAWohl) July 3, 2017…
Almost a decade after losing billions of his clients’ money in Bernie Madoff’s Ponzi scheme, hedge fund financier Charles Murphy leaped to his death Monday from the twentieth floor of Midtown Manhattan’s luxury Sofitel Hotel, in what is being described as a suicide. “We are extremely saddened by this news. Charles was an extremely gifted…
It’s been a hard few months for the Clintons. Hillary Clinton lost her presidential campaign back in November, after running as the heavy favorite for months. And now Chelsea Clinton’s husband, Marc Mezvinsky, is having his own problems, closing his Eaglevale Partners hedge fund after it failed to meet expectations. A unnamed source told Bloomberg…
Hedge fund billionaire Paul Singer is coming out of the shadows. A philanthropist and Republican political donor whose name was known only to insiders, Singer is now moving to the front row both in politics and in Jewish life. While much of the public attention in the GOP race has been directed at Sheldon Adelson…
Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America’s most prominent hedge funds. The three men were among the first to tabulate their monthly performance numbers and their losses suggest that even bigger…
(Reuters) — William Ackman is putting his money where his mouth is. Roughly two years after promising to donate his personal winnings from his controversial $1 billion bet against nutritional and weight-loss company Herbalife Ltd., the hedge fund titan is making good on the pledge with a $10 million donation to a scholarship charity, his…
To win a guilty verdict against one of hedge fund titan Steven A Cohen’s most senior portfolio managers, U.S. prosecutors face a tough task: convincing a jury that a man who already admitted to breaking the law is telling the truth on the witness stand. On Friday, U.S. authorities arrested and charged Michael Steinberg, a…
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