Bitcoin Trader Accused of $600K Ponzi Scam
Nicholas Gelfman allegedly solicited investors with false claims that he would generate a 7% to 9% monthly return from a fund for trading Bitcoin.
Ackman Presses for Strategy Changes at ADP
The activist investor says ADP could more than double its stock price if it cut staff and made better investments in technology.
Bill Ackman, ADP Heading for Proxy Fight?
The activist investor is planning to name a minority slate to the ADP board as he seeks "transformational change" at the company.
Film Producer Charged With Hedge Fund Fraud
David Bergstein allegedly stole $5.8 million from investors to pay for personal expenses incurred with an antique watch dealer and a bonsai nursery.
Och-Ziff Settles Africa Bribery Case for $412M
The hedge fund allegedly "positioned itself to profit" from endemic corruption in Africa by bribing government officials.
Pier 1 Counters Hedge Fund With Poison Pill
The retailer follows Alden Global's purchase of a 9.5% stake with a plan to protect shareholders from “coercive or unfair” tactics.
Vista Equity to Take Infoblox Private for $1.6B
Infoblox's secure automated networking solutions "make the company uniquely positioned to deliver for its customers," Vista says.
Activists at the Gate
Activist investors are bigger and hungrier than ever. Here’s how to keep them at bay.
Online Lender SoFi Launches Hedge Fund
The startup aims to attract investors that don’t want to buy its whole loans or asset-backed securities directly.
401(k) Plans Investing Like Hedge Funds
Some target-date retirement funds are using hedge fund strategies to limit downside risk.
As Hedge Funds Meddle, Corporate Bond Risk Rises
Activist hedge funds agitating for shareholder-friendly actions by companies are increasing the chances of "credit-negative" events, says Moody's.