Hedge funds

After an SEC lawsuit, Dan Kamensky now faces criminal charges including securities fraud, extortion and obstruction of justice.

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.

The saga lays bare the rough-and-tumble ways of distressed investing, where investors look to pull every lever in their favor.

Market recovery has made the risk of missing out more pronounced this year, forcing many funds to position themselves towards historically bullish levels.

The seven-year-old firm revealed daily average revenue trades of 4.31 million for the month, greater than any of its publicly traded rivals.

It’s enough to frustrate star traders, leaving them vulnerable to poaching by hedge funds willing to pay more.

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

A significant push to use the precious metal as portfolio insurance may create a self-reinforcing spiral that upends its appeal as a hedge.

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.