Hedge fund tells clients many supposed applications of the technology are ‘never going to actually work’
What started as a characteristically bold scheme came crashing down after a startling series of setbacks
Hedge fund manager is in pole position to buy weekly publication for about £100mn
Decision follows vastly lowered target and delay in pricing
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Outside backers left wondering what to do with overpriced minority piece in illiquid manager
Figure is fraction of the $25bn initially targeted by billionaire hedge fund manager
Small-cap ‘legend’ is retiring at 84 just as shares in smaller US companies are back in favour
Delay marks a setback for the billionaire hedge fund manager who hoped for one of the largest listings in history
Pershing Square USA distances itself from its CEO’s comments
Regulator fined macro hedge fund £41mn following allegations of ‘reckless’ conduct
Appeals court ruling that found financial regulator had exceeded its authority will stand
Founder of XTX Markets fails in challenge against HMRC treatment of deferred payment plan
Traders backing short-dated debt to outperform longer maturities encouraged by prospect of interest rate cuts
Billionaire investor plans to use social media and Buffett-like annual meeting to connect with investors
Citadel hedge fund founder has increased his donations to the party but has yet to back Donald Trump
Preqin acquisition gives access to data but does not solve problems such as illiquidity of assets, say industry observers
The US buyout group has become one of the biggest buyers of a fast-growing type of risk transfer product
Performance of Ken Griffin and Izzy Englander’s funds extends profitable run for best-known multi-managers
‘Show cause’ notice reveals short seller worked with US hedge fund Kingdon Capital Management
Saba Capital founder argued funds underperformed competitors and traded at a discount to their asset values
Hedge funds cut bullish bets as seasonal rains improve production outlook in Ghana
Plus, the Spanish banking takeover battle in uncharted territory and Blackstone tries to fend off hedge funds pushing for a higher Hipgnosis bid
Robert Gagliardi’s ties to the Wall Street bank raised in bonus dispute with Evolution Capital Management
US private equity group moves to stop hedge funds with stakes in music rights owner from pushing for higher price
