Allianz Fund Collapse Ends in Guilty Plea, $5.8 Billion Deal
A unit of Allianz SE pleaded guilty to fraud and agreed to pay $5.8 billion after misrepresenting the risk posed by a group of hedge funds.
Recent
Desire to Short Cathie Wood's ARKK Is Dropping Almost as Fast as the Fund
The good news for Cathie Wood after another miserable month for her flagship strategy is that traders are taking bets against her off the table.
Tesla Loses Top Spot in Cathie Wood’s Flagship Fund
Tesla Inc. has lost its crown jewel status in Cathie Wood’s main fund for the first time in about four-and-a-half years.
Hedge Fund Hell: How the Tech Crash Is Clobbering the Tiger Cubs
Stick with sinking stock you believe in or cut cord? A question the Tiger Cubs had to grapple with as equity markets continued their downward spiral.
Buffett Exits Wells Fargo Stake, Ending Decades-Long Bet on Bank
Billionaire investor ended his long-running bet on Wells Fargo during the first quarter, according to a filing from his Berkshire Hathaway Inc.
Cliff Asness Takes a Swipe at ARK: ‘We Were Right, You Are Not’
The co-founder of AQR Capital Mgmt. took to Twitter to make his feelings clear. He took Wood to task for its defense of firm’s embattled ET funds.
Wood’s ARKK Is Epicenter of Market Rout as ETF Nears Covid Low
Wood’s flagship fund is in danger of plunging below its lowest close in the pandemic crash.
