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Hedge fund mogul stands to make over 1,600% return

Pot Of Gold

Hedge-fund mogul Paul Singer, after an 11-year battle to collect on defaulted Argentine bonds — a fight that included three huge legal victories and a global hunt for assets — stands weeks away from possibly collecting $832m on an estimated $48m investment.

Fund managers are optimistic

Money On Hook

Fund managers across the globe are optimistic about attracting more investors over the next five years, a survey by consultants EY showed, while also indicating that some managers are starting to feel the pinch from regulatory pressure over pay.

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Graph And Coins

Top CEOs fall out of billionaires club

The 13% drop in U.S. stocks from their 2015 highs has not only messed with tens of thousands of working-class 401(k) accounts, but also knocked more than a dozen American executives from the billionaires’ club.

Wind-up Robot

Robots now reading trader chats

Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.