Why “the house” always wins on Wall Street

Feb 8, 2022
In a new book, Wall Street Journal editor Spencer Jakab argues that the GameStop short squeeze did little to change power dynamics on Wall Street.
In a new book, Wall Street Journal editor Spencer Jakab argues that the GameStop short squeeze did little to change power dynamics on Wall Street.
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Few people of color in the financial services industry, studies find

You won’t find many people of color in the worlds of asset management and financial planning, according to data from the Knight Foundation.
There's only a small percentage of people of color doing asset management and financial planning, according to data.
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Union and advocacy groups seek corporate change through shareholders

Apr 21, 2021
They're addressing institutional investors like hedge funds and asking managers to press for social justice.
Asset managers have a lot of sway over corporate decision-making, said Chris Baumann of the Service Employees International Union.
Jemal Countess/Getty Images for National Domestic Workers Alliance and Service Employees International Union

Is it legal to purposely bankrupt a hedge fund?

Jan 29, 2021
Hedge fund traders were quick to call foul when Redditors banded together to drive up the price of GameStop stock. But it was probably perfectly legal.
A coordinated effort from Redditors to buy GameStop stock threw the market into a tizzy this week.
Spencer Platt/Getty Images

Jim Rogers warns stock bubble will grow in 2021: "I've seen this movie before"

Dec 29, 2020
Renowned investor Jim Rogers gives his 2021 market predictions.
Jim Rogers pictured at a conference in Nanjing, China.
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Hedge funds set their sights on local newspapers

Jan 15, 2019
A fund has offered $1.3 billion for Gannett, publisher of USA Today. Critics say beware.

Sears explores what assets it might sell

May 15, 2018
Sears has formed a special committee to explore selling off more parts of the struggling business. What assets still have value? The Kenmore appliance brand, for one, and Sears Home Services, a home improvement business. But the company has already sold off many assets, so its value is dwindling. One interesting wrinkle: A hedge fund operated by Sears […]

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Connecticut's budget gap will likely hurt social service recipients

Aug 7, 2017
Some lawmakers are eyeing the hedge fund industry as a potential piggy bank.
Barbara Deindorfer said she's concerned for her brother John's future without state services.
Harriet Jones/ for Marketplace

Bill Ackman's billion-dollar bet against Herbalife

Mar 16, 2017
'Betting on Zero' documents the not-so-simple story of Ackman's attempts to short the nutrition company's stock.
The documentary film “Betting on Zero” chronicles investor Bill Ackman’s billion-dollar bet against the nutrition and weight management company Herbalife.
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