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Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
LendingClub Corp., looking to bolster demand for the consumer debts it arranges online, is in talks with Western Asset Management Co. to set up a fund that would purchase as much as $1.5 billion of loans ...
A former employee of Western Asset Management Co avoided prison Thursday for repeatedly accessing an ex-supervisor's email account after leaving the financial firm, conduct his attorney blamed on a concern that he was being criticized. Kristopher Rocchio, 39, was sentenced by U.S. Magistrate Judge Henry Pitman in Manhattan to one year of probation, 100 hours of community service and ordered to pay $39,095 in restitution. The sentence was confirmed by the office of Manhattan U.S. Attorney Preet Bharara, which had sought up to a year in prison, and followed Rocchio's guilty plea in March to a misdemeanor charge of unauthorized computer intrusion.