Funds News
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TCW Group Inc. and Jeffrey Gundlach, its former chief investment officer, said they settled a lawsuit over Gundlach’s firing in 2009 and allegations he stole trade secrets to set up his own firm.
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SAC Capital Advisors, the $14 billion hedge fund run by Steven A Cohen, bought a 5.7 percent stake in Cheniere Energy Inc., a liquefied natural-gas importer, according to a filing with the U.S. Securities and Exchange Comission today.
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Wall Street dealers made it tougher for hedge funds to finance trading of securities and derivatives in the three months through November, a Federal Reserve survey showed today.
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Corn traders are bullish for a fifth consecutive week on speculation that dry weather in South America is damaging crops, boosting demand for U.S. supplies at a time when stockpiles are predicted to shrink to a 16-year low.