A Humbled Janus Capital Is Betting on Bill Gross for Its Turnaround

by HedgeFundsX on December 19, 2014

When Bill Gross quit bond giant Pacific Investment Management Co. three months ago, almost as stunning as his departure was his choice of employer: Janus Capital Group Inc., a struggling stock fund manager whose assets had shrunk by half from a peak 14 years earlier.

Two chief executive officers had tried and failed to turn around the firm. A third, Richard M. Weil, a former Pimco operating chief who had worked with … Read More »

Ex-Wife of British Hedge Fund Manager Chris Hohn Won’t Appeal $531 Million Divorce

by HedgeFundsX on December 19, 2014

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A $531 million divorce judgment in a case that has riveted Britain appears poised to stand after the ex-wife of a hedge fund manager said she would not appeal the decision.

In late November, a London high court judge ordered Chris Hohn, … Read More »

Oil’s Drop Hits Big Investors Hard

by HedgeFundsX on December 19, 2014

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The recent slide in oil prices has caused sharp losses among some of Wall Street’s biggest names, the latest in a series of bad bets made by star investors during 2014.

Carl Icahn , the billionaire activist investor, has seen his firm’s holdings of Canadian oil-and-gas … Read More »

Male bankers beat females in hedge fund job hunt

by HedgeFundsX on December 18, 2014

Wall Street may not be the old boys club it once was, but breaking into the rarefied world of hedge funds is still easier for men than women.

That’s the conclusion of a study of the class of investment banking analysts who joined major firms in the summer of 2012 and either stayed on … Read More »

The moguls behind a Bob Marley-branded weed line may get funding from Peter Thiel

by HedgeFundsX on December 17, 2014

Privateer Holdings, a Seattle-based private equity firm trying to professionalize the cannabis industry through the legitimizing powers of capitalism, is trying to raise $75 million in funding. According to Business Insider, the round could include investment from Peter Thiel’s Founders Fund.

The budding marijuana moguls behind Privateer used to be known for their Read More »

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