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Bill Ackman told investors that his hedge fund has sold its $1 billion stake in Warren Buffett’s Berkshire Hathaway. The hedge-fund billionaire, a longtime outspoken Buffett acolyte, explained that the move was made to give his fund, Pershing Square Capital Management, the cash it needs to make the kind of investments that the 89-year-old Buffett …
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A Manhattan hedge fund is a hotbed of sexual harassment, with staff members ranking female employees in “f–k, marry and kill” categories and one rating work neighbor Chelsea Clinton as “on her best day . . . a three,” according to a suit filed Monday. Former Advent Capital employee Courtney Robb claims in her Manhattan …
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A secretive hedge fund that has become the biggest owner of New York City taxi medallion loans is showing signs that it may come to the table for an emergency deal to save the city’s cash-strapped cabbies, city officials say. Marblegate Asset Management — a Greenwich, Conn.-based fund that owns roughly 4,300 taxi medallions and …
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Wall Street bonuses for 2020 could fall by as much as 25 percent to 30 percent due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a result of the novel coronavirus, according to a report published Wednesday by compensation consulting firm Johnson Associates. While most compensation is …
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After a brutal start to 2020, hedge fund manager and ex-White House communications director Anthony Scaramucci is turning to the big boys for help. In a letter to investors obtained by The Post — to be released Monday night — Scaramucci has told investors of his $9 billion fund-of-funds, Skybridge Capital, that he’s allocating $290 …
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Hedge fund and private equity firms are not eligible for the types of US government loans designed to provide relief to small businesses from the economic hardship of the coronavirus outbreak, the Small Business Administration said on Friday. “Hedge funds and private equity firms are primarily engaged in investment or speculation, and such businesses are …
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Hedge funds just weathered what might be their worst month ever, with some of the industry’s biggest names getting hit the hardest. Panicked investors yanked roughly $33 billion from hedge funds during the first quarter as the coronavirus pandemic rocked the global economy. Data from Hedge Fund Research released late Wednesday shows that net outflows …
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Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February’s high, as the world braces for the deepest recession since the 1930s-era Great Depression. The New York-based hedge fund firm, in a letter to clients on Wednesday seen by Reuters, wrote that the sharp market …
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Billionaire investor Cliff Asness has spent his quarantine watching $43 billion disappear. Asness’ AQR Capital — which managed $186 billion at the end of 2019 — has updated its Web site to reflect that its assets under management as of March 31 now stand at $143 billion. It’s unclear how much of the massive 23 …
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The hedge fund empire founded by billionaire Jim Simons has taken a bit of a beating as the coronavirus pandemic rattles stocks, The Post has learned. As of Friday, two funds run by Simons’ Renaissance Technologies hedge fund firm posted double-digit losses for the year, sources said. The Renaissance Institutional Equities Fund was down 17 …
Bill Ackman told investors that his hedge fund has sold its $1 billion stake in Warren Buffett’s Berkshire Hathaway. The hedge-fund billionaire, a longtime outspoken Buffett acolyte, explained that the move was made to give his fund, Pershing Square Capital Management, the cash it needs to make the kind of investments that the 89-year-old Buffett …
