NEW YORK, Oct 1 (Reuters) – Steven Cohen’s $14 billion hedge
fund, SAC Capital Advisors, has put long-time portfolio manager
Michael Steinberg on leave after his name emerged in a sweeping
government investigation into insider trading, according to a
person familiar with the matter.

Steinberg was placed on leave last week, according to the
person after court documents indicated he is an unindicted
co-conspirator in a $62 million insider-trading case involving
former SAC technology sector analyst Jon Horvath.

NEW YORK (Reuters) – Fund managers are increasingly eyeing riskier exotic assets, some of which haven’t been in fashion since the financial crisis, as yields on traditional investments get close to rock bottom.

Returns from investments in “junk” bonds, government guaranteed mortgage securities and even some battered euro-zone debt are plunging in the wake of global central bank policies intended to suppress borrowing costs.

NEW YORK (Reuters) – A judge has ruled on a legal spat between two former Soros Fund Management colleagues who launched their own firm in 2005, coming down on the side of a credit analyst who accused his former partner of withholding millions of dollars owed to him.

William Seibold and Richard Brennan founded Camulos Capital in 2005 after working together at George Soros’ eponymous hedge fund, Soros Fund Management, for about three years. The pair were part of a $1 billion team that specialized in distressed debt investments.

NEW YORK, Sept 18 (Reuters) – A judge has ruled on a legal
spat between two former Soros Fund Management colleagues who
launched their own firm in 2005, coming down on the side of a
credit analyst who accused his former partner of withholding
millions of dollars owed to him.

William Seibold and Richard Brennan founded Camulos Capital
in 2005 after working together at George Soros’ eponymous hedge
fund, Soros Fund Management, for about three years. The pair
were part of a $1 billion team that specialized in distressed
debt investments.

NEW YORK (Reuters) – Hedge fund titan Ray Dalio said the economy had come out of the “intensive care unit,” but he warned against any quick move to “austerity” budget measures.

“We were in the intensive care unit,” Dalio, who runs the $120 billion hedge fund Bridgewater Associates, told more than 200 guests at the Council of Foreign Relations in New York on Wednesday. “We are largely healed and largely operating in a manner that is sustainable if we don’t hit an air pocket.”

NEW YORK, Sept 12 (Reuters) – Hedge fund titan Ray Dalio
said the U.S economy had come out of the “intensive care unit,”
but he warned against any quick move to “austerity” budget
measures.

“We were in the intensive care unit,” Dalio, who runs the
$120 billion hedge fund Bridgewater Associates, told more than
200 guests at the Council of Foreign Relations in New York on
Wednesday. “We are largely healed and largely operating in a
manner that is sustainable if we don’t hit an air pocket.”

NEW YORK, Sept 10 (Reuters) – California Lieutenant Governor
Gavin Newsom says he wants the U.S. Department of Justice to
investigate “threats” against local communities that are
considering using eminent domain to seize and restructure poorly
performing mortgages to benefit cash-strapped homeowners.

Newsom sent a letter on Monday to U.S. Attorney General Eric
Holder asking federal prosecutors to investigate any attempts by
Wall Street investors and government agencies to “boycott”
California communities that are considering such moves.

NEW YORK (Reuters) – California Lieutenant Governor Gavin Newsom says he wants the U.S. Department of Justice to investigate “threats” against local communities considering using eminent domain to seize and restructure poorly performing mortgages to benefit cash-strapped homeowners.

Newsom sent a letter on Monday to U.S. Attorney General Eric Holder asking federal prosecutors to investigate any attempts by Wall Street investors and government agencies to “boycott” California communities that are considering such moves.

NEW YORK, Sept 10 (Reuters) – California Lieutenant Governor
Gavin Newsom says he wants the U.S Department of Justice to
investigate “threats” against local communities considering
using eminent domain to seize and restructure poorly performing
mortgages to benefit cash-strapped homeowners.

Newsom sent a letter on Monday to U.S. Attorney General Eric
Holder asking federal prosecutors to investigate any attempts by
Wall Street investors and government agencies to “boycott”
California communities that are considering such moves.

NEW YORK (Reuters) – From the outskirts of Las Vegas to the coast of California, stretches of undeveloped land in some of the most depressed housing markets in the U.S. are in high demand.

Money managers such as BlackRock Inc (BLK.N: Quote, Profile, Research, Stock Buzz), hedge fund Angelo Gordon & Co and real estate investment firm Starwood Capital, are beginning to cash-in on so-called shovel-ready residential land-tracts with most of the pre-construction and zoning approvals already in place.