Sources chalked up some losses to his “unconventional ways.”
Wohl features a photo of himself with Trump on his Twitter and advertises himself as the head of the Montgomery Assets hedge fund.
The implosion of the Madoff scheme was devastating for Murphy, whose then-employer Fairfield Greenwich Group bled $7 billion and closed, with principals including Murphy facing a lawsuit from enraged investors.
A unnamed source said the private group was returning money to investors and unwinding its operations.
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.
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.
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 foundation said.
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.
An annual ranking of the top 25 hedge fund earners brings a bit of bad news for Mitt Romney’s super PAC: A few of the super PAC’s top donors have fallen from the list.
A small group of Jewish investors, fund managers and developers are playing an outsized role in Romney’s fundraising.