Career News 24/7: Reuters Money: Loeb's Third Point hedge fund up 19.4 percent through October

Tuesday, November 5, 2013

Reuters Money: Loeb's Third Point hedge fund up 19.4 percent through October

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11/5/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Loeb's Third Point hedge fund up 19.4 percent through October

BOSTON (Reuters) - Hedge fund manager Daniel Loeb told investors that his Third Point Offshore Fund had returned 19.4 percent this year, ranking it among the industry's best performers.

Och-Ziff doubles third-quarter profit as incentive income jumps

BOSTON (Reuters) - Och-Ziff Capital Management Group LLC said on Tuesday its quarterly profit more than doubled, handily beating Wall Street expectations as the investment manager attracted more assets and collected much higher incentive fees.

U.S. to put SAC hedge fund out of business over insider trading

NEW YORK (Reuters) - Steven A. Cohen faces an abrupt end to his career as one of the world's most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider trading, and pay $1.2 billion in fines.

Twitter boosts IPO range amid strong investor demand

NEW YORK/SAN FRANCISCO (Reuters) - Twitter Inc raised the top end of its IPO price range by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook Inc last year.

After bondholders, OSX, Schlumberger, Ensco top OGX creditor list

RIO DE JANEIRO (Reuters) - Bondholders, followed by oilfield-service companies, are the biggest creditors of Brazilian tycoon Eike Batista's oil company OGX, which made Latin America's biggest-ever bankruptcy filing last week, according to a list obtained by Reuters.

Co-op hedge fund shareholder famous for Argentina battle

LONDON (Reuters) - U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina's debt default.

Pimco Total Return loses title as world's largest mutual fund

NEW YORK (Reuters) - Bill Gross's Pimco Total Return Fund had outflows of $4.4 billion in October, stripping it of its status as the world's largest mutual fund on lagging performance this year, data from Morningstar showed Monday.

Why it's so hard to settle student loan debt

(Reuters) - Settling student loan debt isn't easy, but it can be possible — if you're in exactly the right circumstances.

Puerto Rico October revenues top forecasts by $110 million

(Reuters) - Puerto Rico's financially pressed central government reported on Monday that revenue collections in October were boosted by new taxes and totaled $856 million, a $262 million increase from a year earlier and $110 million over budget.

Cohen's SAC Advisors up 15.95 percent year-to-date-source

BOSTON (Reuters) - Billionaire investor Steven A. Cohen's SAC Capital Advisors has returned 15.95 percent so far this year, delivering strong gains even as the firm prepared to plead guilty to insider trading charges.