Hedge fund billionaire Steve Cohen is buying the Mets
The New York Mets have agreed to be sold to hedge fund billionaire Steve Cohen, in a deal that will take five years to complete, the team announced Wednesday evening.
hedge funds
These Democratic billionaires could help shape the 2020 election
A small cluster of Democrats, led by former New York Mayor Michael Bloomberg, donated a combined $226 million to outside groups in the 2018 midterms for Congress, or nearly $1 out of every $5 spent by outside groups in those elections.
Gannett rejects takeover bid by Digital First Media
Gannett, the nation's largest newspaper chain and the publisher of USA Today, rejected a takeover bid by MNG Enterprises, the hedge fund-owned company also known as Digital First Media, on Monday.
Why does Eddie Lampert want to keep Sears alive?
No matter what happens in bankruptcy court, Sears faces a grim future. So why is chairman Eddie Lampert fighting so hard to keep it alive?
Hedge funds assets plunged by $88 billion in 2018
The hedge fund industry suffered a brutal 2018 as nervous clients yanked tens of billions of dollars from their portfolios. Hundreds of funds shut down and bets on tech stocks and oil blew up.
Lampert's winning bid for Sears swelled to $5.2 billion
Eddie Lampert's plan to save Sears cost an extra $200 million before it became official.
Media company owned by a hedge fund wants to buy Gannett
A media company led by a hedge fund is making a play to take over Gannett, one of the largest newspaper companies in the United States.
Sears reaches 11th-hour deal to stay in business
Sears reached an 11th-hour deal Tuesday to remain open -- at least for now.
The battle is over: Campbell Soup and activist investor reach agreement
The vicious fight for control of Campbell Soup is over.
Hedge funds have killed Sears and many other retailers
Sears and other retailers that bit the dust recently have two things in common: They couldn't compete with Amazon and Walmart and they were backed by big private equity firms and hedge funds that horribly mismanaged them.
