Yuya Shino/Reuters Softbank CEO Masayoshi Son Japanese tech and telecom giant SoftBank has hired Colin Fan, a former head of investment banking and trading at Deutsche Bank, Bloomberg News’ Stephanie Baker reports.  The Hong Kong-born banker joined Deutsche Bank as a credit trader in 1998. Over 19 years, Fan rose through the ranks, eventually being named co-head of the firm’s […]

Sports trading company Stratagem raising a £25 million fund to bet on sports; Company set up by ex-hedge funder, run by former Goldman Sachs partner; Stratagem uses artificial intelligence to analyse football, tennis, and basketball, identifying betting opportunities; One of several startups trying to make betting markets more like financial markets. Stratagem Andreas Kourkorinis, the […]

LinkedIn Ben Harknett. A San Franscicso software startup founded by alumni from the world’s largest hedge fund is expanding into London. Domino Data Lab, a software company for data science teams, has hired Ben Harknett, who previously worked for Google, to lead the move.  Harknett previously headed the Europe, Middle East and Asia division for Wildfire, a […]

[unable to retrieve full-text content] WorldQuant University Igor Tulchinsky A former hedge funder is offering a free masters degree in a field that’s integral to Wall Street’s future.  Igor Tulchinsky, a former managing director at Millennium Partners, a New York-based hedge fund, founded WorldQuant University last year. The program, which offers students a two-year education in […]

Thomson Reuters FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas Lee Cooperman has settled insider trading charges with the Securities and Exchange Commission for $ 4.9 million, the Financial Times is reporting. Last year, Cooperman, the founder of Omega Advisors, […]

Win McNamee/Getty Images Donald Trump. Bridgewater Associates, the world’s largest hedge fund, told clients that US stocks may drop more than 10% if President Trump is impeached. In a note sent out May 18, Bridgewater’s Greg Jensen and Jason Rotenberg set out their thoughts on “navigating markets during times of extreme political uncertainty.” Jensen is […]

The ongoing war between Buffalo Wild Wings and Marcato Capital, a San Francisco-based hedge fund is heating up. On Tuesday the casual dining chain released a presentation to shareholders that emphasized the firm’s strength and took shots at recent criticisms flung at the wing maker by Marcato. The hedge fund currently has a 6.1% stake in the company.  Marcato released a […]

Point72 Steve Cohen. Billionaire Steve Cohen has opened a Palo Alto office to invest in early-stage companies focused on big data and machine learning, and he has hired two people who invested on behalf of the CIA. The two men leading the effort are Daniel Gwak and Sri Chandrasekar, who previously worked at In-Q-Tel, a venture capital […]

REUTERS/Rick Wilking Wells Fargo UK-based hedge fund firm Lansdowne Partners invested more than half a billion in Wells Fargo in the first quarter. The fund invested about $ 544 million in the bank during the first three months of this year, according to a Bloomberg analysis of Lansdowne’s 13-F filing. The fund also increased its position in Bank of America, […]