Scaramucci’s SkyBridge Capital deal still in limbo after a year

Tick-tock. Tick-tock. It’s been one year since Anthony Scaramucci’s SkyBridge Capital announced its sale to a consortium of foreign buyers, and the deal is still in limbo. We have “no idea when it’s closing,” a source familiar with the transaction told The Post, noting that the deal is still

Einhorn’s hedge fund gained only 1.6% last year

David Einhorn’s investors aren’t the only ones upset by his hedge fund’s lagging performance — the hedgie himself is also frustrated. Einhorn’s Greenlight Capital reported a paltry 1.6 percent gain for 2017, while the S&P 500 soared 21.8 percent, according to a letter sent to investors Tuesday. “We had a

Texas oil tycoon Pickens closing energy hedge fund

Oil tycoon T. Boone Pickens is throwing in the towel on his energy focused hedge fund after a 22-year-long “roller coaster ride.” “It’s no secret the past year has not been good to me, from a health perspective or a financial one,” Pickens wrote in a Linkedin post Friday,

Cremation is killing the casket business

Death may be one of life’s two certainties — but profits from selling caskets are not. That’s the view of a New York hedge fund that on Thursday announced it was shorting a major casket manufacturer because it believes the increasing popularity of cremation will kill its profits. Matthews International,

Steve Cohen could make his return to Wall Street soon

One of the most hotly anticipated Wall Street comebacks could come as soon as next month. Steve Cohen — the infamous hedge fund mogul whose regulatory ban from managing outside money expired Dec. 31 — is expected to launch a new fund as early as Feb. 1, one informed

Father in Costa Rica plane crash worked at giant hedge fund

The father of the family killed in a fiery Costa Rican plane crash was a senior investor at Bridgewater Associates, the giant hedge fund headed by billionaire Ray Dalio. Bruce Steinberg — who, along with his wife, Irene, and three sons, Zachary, William and Matthew, was among 12 people killed

Bitcoin’s scary drop rattles one of its biggest bulls

Bitcoin’s “Black Friday” has rattled one of the controversial cryptocurrencies biggest backers. Panicked sellers on Friday sent bitcoin tumbling to a low of $10,891.32, down more than a third from just a day earlier, according to Coindesk data. There was no clear reason for the dramatic drop — capping a

Hedge funds may be diving into the bitcoin scene to boost profits

There is no way you can say Wall Street is not piling into bitcoin, considering the price action at the end of the week. Thursday’s move from roughly $13,336 to $16,615 cannot be attributed to buy-and-hold crypto enthusiasts adding 0.0002 bitcoin. The pros on the Street will trade anything

Hedgie says he went overboard defending buddy Weinstein

Billionaire hedgie Paul Tudor Jones admitted on Wednesday that he had defended his former pal, the disgraced Harvey Weinstein, far too long. More On: harvey weinstein NYT sues Weinstein Company for unpaid $230K invoice 'Weinstein Effect' could be fueling rape reports: NYPD Colleges review honors amid sexual misconduct allegations Why we shun Harvey Weinstein

SEC slaps ‘Tiger Cub’ hedgie, husband for ‘improper sharing’

A “Tiger Cub” hedge-fund manager has been getting a little too cuddly with her husband — when it comes to sharing insider information, that is. Nehal Chopra — a TV personality and investing protege of Julian Robertson, the legendary founder of Tiger Management — was slapped by securities regulators

Accused Ponzi schemer allegedly targeted police union too

It looks like city cops dodged a bullet on this one. Mayor de Blasio donor-turned-felon Jona Rechnitz tried to get a police union to invest in the doomed hedge fund now at the center of the Norman Seabrook bribery trial, it emerged Friday in Manhattan federal court. Rechnitz, who was key to

Hedge funder says Puerto Rico is better off with massive debt

Expunging Puerto Rico’s massive debt load is “impractical” and will harm the island more than help it, according to one hedge fund investor. Erasing the debt will hurt not only the hedge funds that own the debt but will also have a “devastating effect” on Puerto Ricans who own the debt,

Hedge funder’s case against Preet Bharara dismissed

David Ganek hopes of seeing former Manhattan US Attorney Preet Bharara in court were squashed Tuesday. Ganek, founder of now-defunct hedge fund Level Global, saw the 2015 case he brought against Bharara and the FBI, dismissed by the US Second Circuit Court of Appeals. Ganek had alleged that the feds “fabricated evidence”

Investor bets gamers will spend big on virtual bling

Former hedgie Mike Novogratz is betting that gamers have way too much time — and money — on their hands. The former Fortress Investment Group bigwig has poured about $3.6 million into an online exchange that allows gamers to purchase virtual bling for their digital characters — a controversial $50 billion

Investor bets gamers will spend big on virtual bling

Former hedgie Mike Novogratz is betting that gamers have way too much time — and money — on their hands. The former Fortress Investment Group bigwig has poured about $3.6 million into an online exchange that allows gamers to purchase virtual bling for their digital characters — a controversial $50 billion

Ackman buys newspaper ad space in bid to win ADP board seats

Bill Ackman is turning to the power of the press in his latest bid to win seats on Automatic Data Processing’s board next month. Ackman’s Pershing Square bought ads in newspapers throughout the country — including The Post — to help direct ADP investors to a Webcast it is hosting Tuesday

Man busted for posing as hedgie investor in $19M Ponzi scheme

FBI agents on Thursday arrested a New York man posing as a hedge fund investor on charges he ripped off at least 42 friends and acquaintances with a $19 million Ponzi scheme. Michael Scronic, of leafy Pound Ridge, an affluent suburb north of New York City, lied to his investors about

Puerto Rico’s bonds tumble after Trump comments on debt

The price of Puerto Rico’s general obligation bonds plummeted as much as 25 percent on Wednesday after President Trump said investors in the US territory’s debt will have to “wave goodbye” to ever getting repaid. “We’re gonna have to wipe that out,”  Trump told Fox News  after he toured some of

Hedgie says SEC is “very wrong-footed in what they do’

Leon Cooperman is still smarting from his battle with the Securities and Exchange Commission. “They are — I don’t want to say a criminal enterprise — but they basically abuse their position and they’re very wrong-footed in what they do,” Cooperman said Wednesday at a breakfast hosted by the New York

Connecticut hedge-fund manager plans run for governor

Connecticut needs a hedge-fund manager to solve its problems. That’s according to 48-year-old David Stemerman, who said Tuesday he will shut down his hedge fund Conatus Capital to explore a gubernatorial run — despite the fact the state’s fiscal woes have been partly blamed on the downturn in the hedge-fund industry. “Connecticut…is

Hedge fund manager closes firm to pursue politics

Connecticut needs a hedge fund manager to solve its problems. That’s according to 48-year-old David Stemerman, who said Tuesday he will shut down his hedge fund, Conatus Capital, to explore a gubernatorial run — even though the state’s fiscal woes have been partly blamed on the downturn in the hedge fund

Sotheby’s to host hedge fund conference

Sotheby’s will be hosting chaos next month. The famed auction house will be the site of former hedge funder Richard Hurowitz’s inaugural conference, “Opportunities from Chaos,” on Oct. 17. The event, which will include economist Nouriel Roubini, Saba Capital’s Boaz Weinstein and former world chess champion Garry Kasparov and others from the

Ray Dalio: It would be “terrible’ if Gary Cohn leaves White House

Hedge-fund billionaire Ray Dalio said it would be “terrible” if former Wall Street exec Gary Cohn left his White House adviser position, and would be “bad” for the markets. “Gary Cohn is a very capable man … And he’s open minded,” Dalio, said at an investor conference Tuesday, adding that a

Bill Ackman’s fight for ADP board seats will be an uphill battle

Bill Ackman is going to have to make nice with a lot of Automatic Data Processing’s shareholders over the next two months. The activist hedgie is trying to win three spots on the payroll-processor’s board — while being able to vote only 2 percent of the company’s common shares, according to

Brigade Capital duped by Craig Carton’s alleged Ponzi scheme

You have to figure it’s tough for hedgies to make a profit. Perhaps the most surprising aspect of the news that sports radio host Craig Carton was allegedly running a ticket-selling Ponzi scheme is that he reportedly duped Brigade Capital — an $18 billion fund named firm of the year by

Nelson Peltz wants to split up P&G into 3 businesses

Activist investor Nelson Peltz thinks consumer-products giant Procter & Gamble can regain its mojo — not to mention its shelf space — by reorganizing into three standalone business units. Peltz, who has been pushing for a seat on the P&G board to better implement his ideas on innovation, delivered his big