NEW YORK - To hear his former aide tell it, even a client's death posed no problem for Bernard Madoff as he perpetrated his massive Ponzi scheme.
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WASHINGTON - Three Wall Street trade groups sued the U.S. Commodity Futures Trading Commission on Wednesday in hopes of beating back tough overseas trading guidelines they fear could hurt markets and cut profits.
BOSTON - Booming Asian internet stocks have fueled Passport Capital's double-digit gains this year at a time when many hedge funds have delivered only modest returns.
(James Saft is a Reuters columnist. The opinions expressed are his own.)
- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, a source familiar with investment said on Wednesday.
SAO PAULO - Credit Suisse Group AG's asset management division in Brazil is adding local government inflation-indexed bonds with maturities between three and five years after they suffered an "exaggerated" correction, a senior money manager said on Wednesday.
Following the flood of tax changes that were enacted as part of the fiscal cliff deal at the beginning of 2013, some formerly resolute do-it-yourselfers are giving up their calculators and turning to professional tax preparers for help with their returns. Full Article
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