Investing

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Ex-Goldman Trader’s Fund Assets Slump 86% Following Losses

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The energy hedge fund run by former Goldman Sachs trader Gilbert Saiz saw its assets under management slump 86 percent this year after losing money since 2011.

Clive Hedge Fund Pays Partner $34 Million After Losing Year

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Clive Capital LLP paid its top-earning partner $33...

Level Global Co-Founder to Get 6 1/2 Year Sentence

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Level Global Investors LP co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make $68 million for his...

Paulson Real-Estate Unit Flees Resort Lawsuit Through Bankruptcy

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Billionaire John Paulson sought bankruptcy court protection for a real estate unit of his hedge fund after executives there were sued for alleged conflicts of interest in the asset sales of five...

Falcone Agrees To Two-Year Bar In Proposed SEC Settlement

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Philip Falcone, the billionaire hedge-fund manager sued by U.S...

Cucinelli Becomes Billionaire Knitting $1,920 Cardigans

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Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire.

Hedge Funds Rush Into Debt Trading

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Hedge funds using debt-trading strategies honed on Wall Street are expanding at a record pace as they profit from risks big banks are no longer taking.

Wealthy Investors Rediscover American West

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They may not all be young men, but a fair number of wealthy investors are taking Horace Greeley’s advice to “go West”—to buy up the region's ranch land.

Paulson Said To Lose 27% In Gold Fund

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Billionaire John Paulson, the hedge- fund manager seeking to reverse two years of losses in some of his strategies, lost 27 percent in his Gold Fund last month after the precious metal and related...

Gore Builds $200M Fortune Since Bush Defeat

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Leveraging his aura as a technology seer and his political and climate work connections, Gore has remade himself into a wealthy businessman, amassing a fortune that may exceed $200 million.

Energy Billionaire Exploits Charity Loophole With Boats

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A boat deal by Oklahoma energy billionaire George Kaiser is an example of how federal laws and U.S...

Off To The Races

by Leila Boulton

Making money on thoroughbred horses is a long shot, but advisors can help clients manage the risks while maximizing the fun and (possible) gains.

Long Rationality

by Eric Uhlfelder

Barnegat Fund manager Bob Treue, who has been known to turn away investors if he feels he can’t do enough for them, isn’t your typical hedge fund manager.

Hands-On Investing

by Helen R. Friedli, Mark Selinger, & Jake Townsend

Wealthy families have started to discover the advantages of direct investing, but they should be aware of potential pitfalls.

Values Hit High Note

by Michael S. Fischer

Rare violin values are at all-time highs, eliciting joy among investors and chagrin for violinists who can no longer afford the best instruments.

Russian Billionaire Bets $100M On Apple’s Growth

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Alisher Usmanov, the Russian billionaire who made a more than 10-fold return from his investment in Facebook Inc., said he recently spent about $100 million buying Apple Inc...

Paulson Leads Hedge Funds Urging U.S. To Privatize Fannie Mae

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Hedge funds including Paulson & Co. Inc. are pushing Congress to abandon plans to liquidate Fannie Mae and Freddie Mac, according to people with knowledge of the discussions.

Online Meeting Place Launches For Investors, Entrepreneurs

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The Global Angel Investors Network has created a Web site to bring together venture capital money and entrepreneurs who think they have the next great business venture, the network announced.

MFO Thrives On Impact Investing Focus

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BSW Wealth Partners has always helped its clients with socially responsible investing, but 10 years ago it made the strategy into a central focus—and has reaped the benefits of the decision ever...

Hedge-Fund Billionaire Leads Donors In Pushing Obama On Keystone

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Tom Steyer, the founder of hedge fund Farallon Capital Management LLC, is one of the key Democratic donors pressuring President Barack Obama to reject the Keystone XL.

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