Latest On Hedge Fund

  • Wrongdoer

    As part of a settlement with the U.S. Securities and Exchange Commission, hedge fund manager Philip Falcone was banned from trading for 5 years and fined $18 million.Most significantly, and unlike in most of these types of cases, the founder of Harbinger Capital Partners was forced to admit to wrongdoing as part of the deal.

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  • Redemption Day

    Investors in Steve Cohen’s SAC Capital hedge fund, which is battling an insider trading probe, have until the end of the day to ask for their money back.The Wall Street Journal reported that an estimated $3.5 billion is expected to be pulled from the hedge fund.

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