BOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money.
USA Today Sports/Getty Images Folger Hill Asset Management has suffered through investor redemptions and losses that have cut the hedge fund firm's assets by nearly one-third from its 2015 peak, people familiar with the situation told Reuters.
Reuters/ Jack CusanoBOSTON (Reuters) - Billionaire hedge fund investor William Ackman, whose funds have suffered double-digit losses this year, on Tuesday told investors that 2015 could be his firm's worst ever, but said clients are generally sticking with him.
May 25 (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
Pequot Capital Management, the once-prominent hedge fund firm run by Arthur Samberg, has been put on notice by the Securities and Exchange Commission that it intends to file insider trading charges against the firm, according to a letter sent to Pequot investors on Monday.