hedge fund

GameStop Drama: Who Really Won the Money?

"Maybe it's not as much of just the little guy versus the big guy," JMP Securities analyst Devin Ryan explained.

GameStop UPDATE: Melvin Capital Loses 53%, Redditors Want to See it Lose Remaining 47%

MelvinIt remains to be seen if these fresh injections can save Melvin Capital from the very persistent "amateur" investors who have made the hedge fund their core "enemy."

GameStop Pause Trading: Reason Why it Ended Early

This serves as another twist in the ongoing drama between these amateur investors and the experienced, more risk-averse, Wall Street giants.

Hedge fund exec linked to Madoff jumped to his death

Murphy, who worked at the Fairfield Greenwich, was at the top of his game, controlling the hedge fund when the firm invested billions with Madoff. Fairfield lost almost $50 million that led to investors filing a class action lawsuit.

Daniel Loeb's Third Point picks stake in Seven & I

Daniel Loeb's Third Point LLC has picked stake in Japanese retailer Seven & i Holdings. The size of the deal is expected to be below five percent. The US activist investor Loeb has called for restructuring at the Japanese retailer to increase profitability and shareholder returns, while reducing costs. Seven & i is closing down its underperforming Ito Yodado stores.

Ex-JPMorgan banker may become Barclays' CEO

Barclays Plc may appoint Jes Staley as its new CEO. The UK's third largtest bank is expected to make announcement within two weeks. Staley is former banker at JPMorgan Chase. Antony Jenkins, previous CEO, was fired by the bank in July as he lost support from non-executive directors.

Latest Stories

Walmart Clinic Shutdowns Could Cost You More Than You Think

Walmart declared on April 30 that its virtual healthcare service would be discontinued, and all 51 Walmart Health facilities in five states would dissolve.

How Junk Fees Disguise True Prices

Nearly 90% of respondents to a 2024 Navigator Research survey conducted among voters in 61 competitive congressional districts for the general election said they wanted Congress to enact legislation restricting or outlawing these fees.

Homeowners Insurance Rates Jump 15% as Insurers Flee Wildfire Risk

Millions of Americans are finding it increasingly difficult to maintain homeowners insurance, especially if they reside in one of the nation's rising numbers of places that are vulnerable to natural catastrophes.

IRS Issues Larger Tax Refunds With 2.2% Increase: Here Are Smart Spending Tips to Use Your Additional $75

According to the most current IRS data, the typical taxpayer receives a $2,852 refund, which is $75 higher than the previous year. So, what should you do with that cash?