Mr. Zhu said he was tuning out the criticism. On Twitter, he responded to a negative article in The Wall Street Journal by quoting John F. Kennedy: “We choose to […]
Hedge Funds
Trending topics and news from the Hedge Funds category
Back to news homeHedge Fund Billionaire Ray Dalio Gets Billions More to Retire
When Ray Dalio, the multibillionaire founder of the world’s biggest hedge fund, Bridgewater Associates, announced his retirement in October, both he and the firm he founded more than four decades […]
FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
Federal prosecutors in Manhattan have also seized assets they contend were acquired with money misappropriated from FTX’s customer accounts. Last month, the prosecutors disclosed that they had seized more than […]
What Layoffs? Top Wall Street Traders Score Giant Paydays
Mr. Ericsson left Citadel in June, but he won’t start at Millennium until September. Firms like Millennium, which manages about $50 billion, are offering such enormous pay packages that traders […]
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival exchange Binance, sent an alarmed text to Sam Bankman-Fried, FTX’s founder.Mr. […]
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market for two cryptocurrencies this past spring, leading to their collapse and creating a domino effect that eventually caused […]
How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.
In July 2012, a shell company registered in the British Virgin Islands wired $20 million to an investment vehicle in the Cayman Islands that was controlled by a large American […]
Trump Deal Faced Widespread Investor Doubt Before Raising $1 Billion
Regulators opened the inquiry after The New York Times reported that the chief executive of Digital World, Patrick Orlando, had talks with representatives of Trump Media as far back as […]
Hedge Fund’s Insiders Agree to Pay as Much as $7 Billion to I.R.S.
A yearslong dispute between a pioneering hedge fund and the Internal Revenue Service ended Thursday with an enormous bill for taxes and penalties: as much as $7 billion.James Simons, a […]
Citadel to Redeem $500 Million From Melvin Capital
The hedge fund Citadel pumped billions of dollars into Melvin Capital after that fund’s bet against GameStop went bad, leading to huge losses. Now, Citadel is taking some of its […]