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Top hedgeco.net News

Bill Ackman Bets $2.1B on Insurer in Bid to Turn Howard Hughes Into Mini-Berkshire

Warren Buffett · Bermuda

Bill Ackman Bets $2.1B on Insurer in Bid to Turn Howard Hughes Into Mini-Berkshire

100% Right coverage: 1 sources

Bill Ackman is trying to turn a real estate developer into an insurance-fueled mini–Berkshire Hathaway -- and he just made his biggest move yet.See the Story

Greenwich hedge fund manager pleads guilty to tax evasion in $5M embezzlement scheme

Taxes · Greenwich

Greenwich hedge fund manager pleads guilty to tax evasion in $5M embezzlement scheme

100% Center coverage: 1 sources

The man also agreed to pay $2.16 million in restitution to the IRS, officials said.See the Story

Deerpath Capital 7th Fund Surpasses Target, Signals New Wave of Private Credit Power

United States · United States

Deerpath Capital 7th Fund Surpasses Target, Signals New Wave of Private Credit Power

Like a vessel catching stronger-than-expected winds, Deerpath Capital Management LP has sailed past its fundraising mark, closing its seventh fund above expectations and reinforcing its position in the private credit market. The New York–based firm said Thursday that it has finalized Deerpath Capital 7th Fund, exceeding its $2 billion equity goal. The capital will be deployed to finance private equity-backed companies spanning a wide range of in…See the Story