Dalio’s flagship Pure Alpha II hedge fund ended the first quarter down about 20%.
Anthony Scaramucci defends the practice, noting many hedge fund employees aren't rich.
In the second emergency interest-rate cut in two weeks, the Fed slashed its benchmark back to essentially zero.
2019 saw many hedge fund managers leave their funds - or close down altogether.
Rarely has a money manager’s stature with the public seemed so at odds with their recent record as an investor.
As the prospects for a Warren presidency rise, investors are beginning to bet against the U.S. economy.
Yet another macro hedge fund shop is shutting down amid changing investor preferences and low returns.
To billionaires like Wexner and Leon Black, Epstein was, for years, a trusted financial advisor.
The Victoria's Secret billionaire portrayed himself as being in the dark about Epstein's alleged wrongdoings.
The state investment council voted to cut its target allocation to hedge funds to about $2 billion.
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