Lawrence Delevingne, NBR, CNBC.com’s Posts

A high-profile hedge fund exodus from a huge pension manager does not appear likely to spark a major movement. Pensions, investment consultants and other money managers at an industry conference this week dismissed the idea that the California Public Employees’ Retirement System’s decision to cut a $4 billion slate of hedge funds would stall the …

A hedge fund manager is the latest to embark on one of the most ancient of human quests: immortality. Joon Yun, president of $1 billion health care-focused Palo Alto Investors, announced a new prize last week that will award $1 million to researchers who can “hack the code of life and cure aging.” “The current …

Hedge funds appear to be salivating over Alibaba. The Chinese e-commerce company’s initial public offering is set for Sept. 19 and is already drawing significant attention from the so-called smart money. Billionaire investor Leon Cooperman is one of Alibaba’s fans. Read More Alibaba taking the world by storm, but what is it? “We like what we see so far …

Bank lending to companies with few restrictions has surged back since the financial crisis virtually killed the practice. The record issuance of so-called covenant-lite loans raises questions over whether a fresh wave of debt defaults and losses will return—probably not in the short term, according to experts, but becoming more likely as the trend plays …

Eric Cantor’s coming exit from Congress means that Wall Street will lose a key ally on Capitol Hill. Cantor, the second-ranking Republican in the House of Representatives, received significant support from financial firms and was known as a leading industry ally on related regulation. “The majority leader is someone the financial industry has always been …

Want to make the big bucks at a hedge fund or another hotshot asset management firm? A diploma from University of Pennsylvania is your best bet as an undergraduate. If you’re getting an MBA, it’s University of Chicago’s Booth School of Business. And if you graduated in 2010 or later, Columbia University is the top …

The new year has not been kind to Bill “Bond King” Gross, but he is not alone. His massive fixed income-focused investment manager Pimco has lagged performance benchmarks, the culture of the firm has come under scrutiny since the departure of CEO Mohamed El-Erian and more than $5 billion has already been pulled by investors in January and February …

News about retirement since the financial crisis has been decidedly negative. Workers aren’t saving enough. Pensions are underfunded. Long-term investment strategies to make up the difference are far from obvious. But new research suggests that the state of retirement in America isn’t as disastrous as thought. Towers Watson, a global professional services company that consults …

BlackRock Chief Larry Fink thinks companies should focus more on long-term results instead of boosting dividends or buying back stock to appease short-term interests, such as those demanded by activist investors. Billionaire corporate agitator Carl Icahn thinks too many businesses are run by incompetents who waste shareholder money and need to focus on short-term improvements. Who’s right? Read …

Hedge fund managers appear unconcerned about the sharp price drops of Fannie Mae and Freddie Mac stock this week and remain committed to what could be one of the most lucrative buy-cheap, sell-high investments since the financial crisis. Common shares of the two companies declined as much as 30 percent this week after the Senate Banking Committee announced an agreement Tuesday …

Banks like Chase and Citibank could hit Target to help pay for the cost of cleaning up the mess of the retailer’s recent loss of card information to hackers. “Given the magnitude of the breach and what we’ve seen in the past, banks are likely to bring action,” said information security expert Randy Sabett, an attorney at ZwillGen. Target said on …

Bill Gross, co-head of the world’s largest bond manager, repeated his call that interest rates would remain low for at least two more years. “Our primary thrust has been to focus on what we are most (although not totally) confident about, that the Fed will hold policy rates stable until 2016 or beyond,” Gross, co-chief …