Why anyone would want to buy a stake in the futility-prone New York Mets baseball franchise is up for debate. But the ball appears to have been dropped for hedge fund luminary David Einhorn, who wanted to do just that.
It’s never a good idea to lie to investors about what your hedge fund does and where their capital will be going, but it’s an especially poor idea to fib to investors when they’re still in the “prospective” stage
Investors ditched equities for Treasuries in a big way after the debt ceiling was announced, and now it looks like a broader flight to “safety” is making August a bad one for equity investing.
Barring a last-minute, epic bull move, the eighth month of 2011 is going down as one of the worst months for hedge funds in any year.
As the economy continues to smother home buyers and builders alike, the struggle for solutions to the problems of foreclosed properties and distressed homeowners is leading to some strange ideas.
Gold’s performance last week was less-than-impressive. But the reality is, the yellow metal is still one of the most popular kids at the financial markets party. Here’s 10 fun and illuminating facts about gold.
Markets reacted with mild relief Friday when Federal Reserve Chairman Ben Bernanke confirmed suspicions that he would have little of import to say.
Going to prison has been a learning experience for convicted fraudster Bernie Madoff. It’s been so enlightening, in fact, that he now aspires to shower his wisdom on the great unwashed by teaching a class sponsored by Harvard.
A prime beneficiary of the seemingly never-ending bull market for gold has been the SPDR Gold Shares, an exchange-traded fund that made its debut in November 2004 as the first ETF listed in the U.S. to be backed by physical gold holdings.
Unemployment remains a problem in both the U.S. and Europe, where UBS has announced the slashing of another 3,500 jobs as part of cost-cutting measures.
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