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'The Big Short' hero said to launch new fund

The Big Short Book Cover

The hedge-fund firm run by Greg Lippmann, a mortgage trader whose bets against the U.S. housing market were depicted in Michael Lewis’s 'The Big Short', plans to launch a new fund early next year, according to a person with knowledge of the matter.

Hedge funds see surge in closures

Hedge Fund

Hedge fund closures surged in the three months to the end of September as money managers reeled from declines in commodity and equity markets, while high-yield credit spreads widened.

Blatter to fight against 8 year ban

Pele With Sepp Blatter

FIFA President Sepp Blatter has vowed to "fight" his suspension after he and European soccer boss Michel Platini were both banned from soccer for eight years on Monday by the ethics committee of the sport's global governing body.