Two billionaire hedge fund executives have joined Ameritrade founder Joe Ricketts’s super- political action committee as it works to elect Republicans to Congress, a U.S. Federal Election Commission report showed.
Yahoo! Inc. director Peter Liguori, the chief executive officer of Tribune Co., won’t seek re- election at the Internet company’s shareholder meeting in June, the second board member to signal an exit in as many months.
Ally Financial Inc., the auto lender rescued by the U.S. government during the 2008 financial crisis, dropped in its trading debut after pricing its initial public offering at the low end of an expected range.
Ally Financial Inc. investors who bought $2.38 billion of stock in an initial public offering yesterday join hedge fund manager Dan Loeb and private equity executive Stephen Feinberg seeking to profit from auto lending.
The U.S. Treasury Department has had Ally Financial Inc. in a regulatory headlock since its 2008 bailout. As the government sells shares in an initial public offering, Ally will soon breathe again -- and take on more risk.
Paul Tudor Jones, Michael Novogratz and Louis Bacon, hedge-fund managers that profited last year from bets on macroeconomic trends, posted losses in the first quarter as some of those trades turned against them.