Page 1070 


Hedge fund to return $2bn amid volatility

Hedge Fund

Hedge fund Coatue Management plans to return more than $2 billion in capital to investors in its flagship fund on June 30 after extreme volatility in technology stocks led to a 9 percent loss in March.

SEC 'too tentative' over Wall Street

SEC Building

A trial attorney from the Securities and Exchange Commission said his bosses were too 'tentative and fearful' to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.