BREAKING: Diamondback Capital to Close Down as Investors Pull $520 Million

BREAKING: Diamondback Capital to Close Down as Investors Pull $520 Million

By Saijel Kishan and Stephanie Ruhle


Diamondback Capital Management LLC, among the hedge funds that was raided by the FBI about two years ago as part of the U.S. investigation of insider trading on Wall Street, is liquidating after clients pulled money.


Jobs Outlook Weak as Companies Reporting Cost Cuts

Weakening demand is forcing new and accelerated cost reductions at companies fromBank of America Corp. and Hewlett-Packard Co. (HPQ) to Staples Inc. (SPLS) andEastman Kodak Co. (EKDKQ), dimming the outlook for an already struggling U.S. labor market.

Even as consumer confidence and housing show signs of recovering, sales for businesses in the Standard & Poor’s 500 Index fell 0.9 percent from a

Something Big Is Coming Up: The Hong Kong Fear Index Is Getting Extreme!!!

Aug. 20 (Bloomberg) — Options traders are charging the biggest premium since March to protect against losses in Chinese companies on signs that a slowdown in the world’s second-largest economy is worse than economists estimated.


The AlphaShares Chinese Volatility Index, derived from options on companies listed in Hong Kong, traded at a premium of

The following are MF Global Holdings’ largest unsecured creditors and shareholders, according to the company’s bankruptcy filing

Unsecured creditors rank behind secured lenders in getting repaid in a bankruptcy, and are ahead of preferred and common shareholders.

Unsecured Creditors:

JPMorgan Chase & Co. (JPM)’s JPMorgan Chase Bank, bondholder trustee, $1.2 billion.

Deutsche Bank AG (DBK), trustee for $1.02 billion in bonds:

Deutsche Bank Trust Co., bondholder trustee for 6.25% notes, $325 million

China: More Investors Ask, Why Not Short the Yuan?

By staff reporter Huo Kan and Washington correspondent Zhang Tao 08.01.2011 17:29

More Investors Ask, Why Not Short the Yuan?

Crisis theorists and others are wagering that the Chinese currency will veer from its long appreciation path against the dollar

Plenty of smart money is betting on the rise of the yuan, but some overseas

Bloomberg: George Soros Is 75% In Cash

Image: Wikimedia Commons

Keith Anderson, who runs the $25.5 billion Quantum Endowment Fund for Soros Fund Management LLC, has seen enough of choppy global markets.

In mid-June, Anderson told his portfolio managers to pull back on trades as the hedge fund’s losses hit 6 percent for the year, according to two people familiar with

A good piece on my favorite sector. (I own EVEP, EPE, DEP and STON with some additional outlying positions.)

After burning white hot, energy partnerships still have a warm glow Above-average yields and tax treatment continue to attract interest

By Hilary Johnson February 21, 2010

Analysts don’t expect last year’s gusher from oil and gas master limited partnerships to continue, but they are still recommending the deals for investors seeking income, tax protection and

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