It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go practically nowhere. But inside Allianz SE, where a handful of hedge fund managers claimed they could do just that, few …
Last summer, Katherine “Kitty” Green received some disturbing news about the computer network at Florida Gulf Coast University, where she oversees a foundation for private donors. An outside data provider warned it had detected that hackers sneaked into the university’s …
For nearly a decade, Lombard International sat on a secret. It began to unravel in May 2016 when a wealthy German walked into a Luxembourg bank. The man wanted a loan. For collateral, he offered a future payout from a …
KKR & Co., Blackstone Group LP and their founders must face a lawsuit alleging they failed to deliver hedge fund returns as advertised, a judge in Kentucky ruled Friday in a decision that may present new legal challenges for managers …
The “fiduciary rule” is officially dead. The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments. The rule’s fate was all but …
A fired U.S. whistleblower investigator says his old employer didn’t take whistleblowers seriously enough. So he’s lodging a complaint — with the same ex-employer he claims doesn’t take whistleblower allegations seriously enough. Darrell Whitman was an investigator for the Labor …
