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Hedge Funds




Steven "Steve" Cohen, chairman and chief executive officer of SAC Captial Advisors LP

Photographer: Scott Eells/Bloomberg

Steven "Steve" Cohen, chairman and chief executive officer of SAC Captial Advisors LP

What Makes Steve Cohen’s Stock Picks So Special?

Why is Steven A, Cohen’s SAC such a tempting target for prosecutors? Yes, Cohen is well known and successful; so are other fund managers. The difference is that we have a pretty good idea of roughly what other successful fund...

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Senator Carl Levin at the Senate Permanent Subcommittee on Investigations hearing on the JPMorgan Chase & Co. "whale loss."

Photographer: Andrew Harrer/Bloomberg

Senator Carl Levin at the Senate Permanent Subcommittee on Investigations hearing on the JPMorgan Chase & Co. "whale trades."

‘It’s Becoming Idiotic,’ the Senate’s Riveting Story of the London Whale

The U.S. Senate report on JPMorgan's $6.2 billion loss makes it clear that Bruno Iksil, aka the London Whale, wasn't just anxious about his position long before it became public. Despondent and terrified is more like it.

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Goldman's clients may not have an easy time proving they were sheep led to slaughter.

Photographer: Alessia Pierdomenico/Bloomberg

Goldman's clients may not have an easy time proving they were sheep led to slaughter.

In the Abacus Lawsuit, Will Goldman Ultimately Prevail?

ACA today added hedge fund John Paulson & Co. to the lawsuit ACA filed earlier against Goldman Sachs over the famous Abacus deal. With Goldman no longer quite as publicly vilified, don't assume that ACA's case a slam dunk.

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