During the first quarter, world-renowned hedge fund manager, David Einhorn of Greenlight Capital sold his entire stake in Capitol Federal Financial (CFFN), Flagstar Bancorp (FBC), Health Management Associates (HMA), Health Net (HNT), Potash (POT), Everest Re (RE) and Verigy (VRGY). These stocks lost 4.7% since the end of March, vs. a loss of 2.7% for the SPY. He also reduced...

Hedge fund manager, William Ackman offered to finance a $16-per-share, bookseller Borders Group Inc (BGP), nation’s second largest bookseller led takeover bid for larger rival Barnes & Noble Inc (BKS) for $963.7 million. Borders, with a $100-million market capitalization, has been losing money for years. Barnes & Noble has an $884-million market cap. William...

Brazil’s leading hedge fund manager, Luis Stuhlberger, who manages Brazil’s largest hedge fund, is in talks with Credit Suisse (CS) to create an independent fund management group within the bank’s structure in the country. Luis Stuhlberger is the Chief Investment Officer of  Credit Suisse Hedging-Griffo (CSHG) and responsible for its asset management...

State Street Corporation [[STT]] is a financial holding company. State Street provides a range of products and services for institutional investors worldwide. They operate in two lines of business: Investment Management and Investment Servicing. Services include: custody, daily pricing, record keeping and administration, shareholder services, foreign exchange, brokerage,...

Publicly traded hedge-fund manager, Man Group Plc (UK:EMG), said assets under management rose in its fiscal second quarter, the first gain in more than a year, and that first-half profit will fall as fee income dropped. Company said that funds under management rose to $43.8 billion in the three months to Sep. 30, up from $43.3 billion at the three months ended June 30. Redemptions...

Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group with failed mortgage lender IndyMac Federal Bank, the New York Post said. The New York Post also said Sources described a merger between the two banks as one of several of options being bandied about to help fix CIT, which has been buffeted by the financial crisis and nearly...