Hema Parmar

Hedge fund veteran Ricky Sandler is shuttering Eminence Capital and returning cash to investors after a 27-year run.

His fund has posted disappointing returns and the high costs of retaining talent and building out necessary infrastructure made continuing the firm too difficult, Sandler wrote.

It’s been a bumpy road, but Bill Ackman is one step closer to his ambition of emulating Warren Buffett.

(Bloomberg) -- It's been a bumpy road, but Bill Ackman is one step closer to his ambition of emulating Warren Buffett.

Point72 Asset Management founder Steve Cohen is creating an executive committee to help him lead the firm’s strategy and direction, becoming the latest hedge fund billionaire to broaden leadership ranks.

(Bloomberg) -- Point72 Asset Management founder Steve Cohen is creating an executive committee to help him lead the firm's strategy and direction, becoming

Sculptor Capital Management is preparing for the eventual departure of its chief investment officer Jimmy Levin and has created a new leadership structure to help with succession.

(Bloomberg) -- Sculptor Capital Management is preparing for the eventual departure of its chief investment officer Jimmy Levin and has created a new leadership structure to help with succession.

How the notorious sex offender built a sprawling international network of the rich and powerful.

Elliott Investment Management hired former Blackstone Inc. executive Teresa Sweeney to run the roughly $80 billion hedge fund firm’s global research and data science group.