Hedge Funds

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 …

After sinking as Bill Ackman promised CNBC viewers he would deal a “death blow” to the company, Herbalife shares surged during his actual presentation. And that may have cost the head of Pershing Square Capital Management up to $70 million in paper losses on Herbalife options alone. Ackman’s position in Herbalife is often referred to as a short position, …

Herbalife CFO John DeSimone lambasted hedge fund giant Bill Ackman on Tuesday, telling CNBC in an interview that “his bark is always worse than his bite.” DeSimone appeared on “Squawk on the Street” to rebut charges Ackman has made about the multi-level marketing company, saying that the hedge fund manager’s claims of fraud were “outrageous.” He staunchly defended Herbalife’s product and business …

Activist investor Bill Ackman’s firm Pershing Square Capital Management is boosting its stake in both Fannie Mae and Freddie Mac to more than 11 percent in each from a combined 9.8 percent in both. Ackman’s move comes a couple of weeks after the Senate Banking Committee announced an agreement on a legislation to wind down …

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 …

After more than a year of scandal, beleaguered hedge fund SAC Capital is renaming itself as Point72 Asset Management, the firm announced Tuesday. Run by billionaire investor Steven A. Cohen and christened with his initials, SAC made the announcement in a letter to employees, which will become effective next month. Last November, SAC paid $1.2 …

The post-financial crisis world has been very, very good for Silver Point Capital. After slogging through the illiquid atmosphere that pervaded the investing world when the real estate market collapsed, the firm, piloted by Edward Mule and Robert O’Shea, has risen to the top of the hedge fund world with stellar returns since its low-point …

Everybody loves a comeback—or at least that’s what one private equity company is betting on. An affiliate of Najafi Cos. announced it’s partnering with Paula Deen Ventures to help the celebrity chef grow her business. On Tuesday, The Wall Street Journal pegged the investment at between $75 million and $100 million and wrote it would help the …

Kate Kelly tells us what investment themes hedge fund managers are favoring in the new year.

In its first public acknowledgement of plans to stop managing public investments, SAC Capital has told staff it would convert to a family office, managing only the capital belonging to founder Steve Cohen, his relatives and certain employees. “While today’s agreement means we will not manage outside capital for the foreseeable future, we will continue to …

Attorney Tom Ajamie talks to NBR about indictment against SAC and whether these charges mean the government is getting serious about clamping down on Wall Street.

Billionaire hedge fund manager Steven A. Cohen of SAC Capital Advisors, may be facing criminal charges in a wide-ranging government investigation into his firm.