Billionaire investor will focus on ‘running the firm’ he founded and ‘mentoring and coaching’ new talent
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
Unlike running a hedge fund, success is elusive in sports team ownership and every mis-step triggers public criticism
Financial Conduct Authority had twice rebuffed applications from billionaire trader’s hedge fund firm
Basketball team is latest sports franchise to fetch a 10-figure sale price
Hedge fund takes in new cash after 10% decline in January
Melvin Capital, which tends to run a fairly aggressive short book, had bet that GameStop shares would fall
Point72 and Ken Griffin’s Citadel invest $2.75bn with Melvin Capital
Institutional investors see long-term opportunities from short-term disruption, but there are risks
Major League Baseball owners agree to hedge fund billionaire’s purchase of club
Hedge fund manager’s deal with current owners is subject to Major League Baseball approval
Billionaire hedge fund manager heads rivals, including Jennifer Lopez, in race to take over baseball club
Baseball team has attracted interest from Jennifer Lopez and hedge fund king Steven Cohen
‘My belief is there’s not going to be a transaction,’ Major League Baseball head said
Welcome to Due Diligence, the FT’s daily deals briefing
Steven Cohen’s interest in the baseball team has sparked fan joy but the valuation defies logic
Baseball club says current owner Fred Wilpon would remain CEO for five years
Hedge fund billionaire to join board of ‘interactive gym’ company Mirror
Groups including Steve Cohen’s Point72 increase short position in Schroders and Jupiter
Point72, Millennium and Balyasny suffered losses even as equity markets rose
Hedge fund investor raises profile as he recovers from ex-firm’s insider trading scandal
UK regulator’s move to block the disgraced hedge fund manager is bang on the money
Dividing line between big data and big scams will be fuzzy — best to tread carefully
US hedge fund manager whose ban has expired was hoping to move back into Europe
