Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. They were led there partly […]
Hedge Funds
Trending topics and news from the Hedge Funds category
Back to news homeExxon Mobil Defeated by Activist Investor Engine No. 1
Wall Street has seen its share of strange bedfellows, but a recent alliance of investors that took on Exxon Mobil was unprecedented.Last week, an activist investor successfully waged a battle […]
Exxon Mobil Faces Off Against Activist Investors on Climate Change
“I don’t expect a meaningful change in strategy such as large investments in renewables,” said Allen Good, a Morningstar analyst. But he said a victory for the dissidents “would be […]
Shorting private company stock? This fintech startup is banking on its inevitability
Even the most sanguine industry observer has to be stunned at times by the pace of dealmaking right now. Not quite halfway through 2021, startups are routinely closing new rounds […]
With a Big Tax Break, Hong Kong Tries to Soothe the Rich
HONG KONG — Political opposition has been quashed. Free speech has been stifled. The independent court system may be next.But while Hong Kong’s top leaders take a tougher line on […]
He Built a $10 Billion Investment Firm. It Fell Apart in Days.
Until recently, Bill Hwang sat atop one of the biggest — and perhaps least known — fortunes on Wall Street. Then his luck ran out.Mr. Hwang, a 57-year-old veteran investor, […]
New Suitor May Enter Fray for Tribune Publishing
A deal that would reshape the American newspaper industry has run into complications just one month after an agreement was reached, according to three people with knowledge of the matter. […]
A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington
The GameStop saga was a David-versus-Goliath story pitting small traders against big hedge funds and a cautionary tale about what happens when fast-moving Silicon Valley collides with the heavily regulated […]
Hedge Fund Reaches a Deal to Buy Tribune Publishing
The newspaper business has struggled for most of the 21st century as the rise of digital media has cut deeply into the revenue once generated by print advertising and newsstand […]
Wall Street’s Most Reviled Investors Worry About Their Fate
If the price falls, the short seller buys the now-cheaper shares back, returns them to the broker and pockets the difference. But the strategy can be risky. If shares climb […]