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Hedge funds back to selling gold after propping market a month ago

NEW YORK (Reuters) - Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price.Full story

SAC Capital won't fully cooperate with government: letter

NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. Full story

Blackstone planning to create new hedge fund - FT

(Reuters) - Blackstone Group LP is planning to create a hedge fund which will consist of the boldest trades from the third-party hedge funds it invests with, the Financial Times reported. Full story

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Articles

NetApp shares jump after Elliott discloses stake

Highfields, other funds dove into Dell fray in first quarter

Hedge funds shop at Supervalu, sour on Apple

More top hedge funds dropped Apple shares in first quarter

Hedge fund proposes revamped Hess board to end proxy fight

Hedge fund proposes reconstituted Hess board to end proxy fight

Hess willing to add 2 Elliot board nominees

Hedge fund boss gets 6 1/2 years in insider case

News Summary: Hess to split CEO and chairman roles

Paulson hedge fund puts hotel unit in bankruptcy to escape lawsuit

Video

  Sony vs. Activist Investor

Billionaire hedge fund investor Daniel Loeb wants Sony to spin off its entertainment arm, reports Jon Fortt.

  Hedge Funds Lagging the S&P 500

Hedge funds continue to lag behind the S&P 500's performance. Jane Buchan, Pacific Alternative Asset Management CEO, weighs in.

  Sohn 2013 Kicks Off in NYC

Some of Wall Street's most powerful hedge fund names are set to gather in New York, reports CNBC's Kate Kelly.

  Cramer's Mad Dash: AIG's Value Is For Real

Jim Cramer explains why he is backing American International Group, even though it is heavily held by hedge funds.

  Inside the Mind of Steve Cohn

It's been a rough couple of months for the manager of SAC Capital, as worried investors pulled nearly $2 billion out of the hedge fund, reports CNBC's Kate Kelly.

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Related Photos

File photo of Loeb, founder of Third Point hedge fund, participates in a panel discussion in Las Vegas
File photo of Loeb, founder of Third Point hedge fund, participates in a panel discussion in Las Vegas

Daniel S. Loeb, founder of Third Point, participates in a panel discussion in Las Vegas in this May 9, 2012 file photo. New York-based hedge fund Third Point said it has proposed to Sony Corp's Chief Executive Kazuo Hirai that the Japanese electronics maker conduct an initial public offering for its

Hedge Fund Level Global Investors LP co-founder Anthony Chiasson exits United States District Court in New York City after being sentenced to six and 1/2 years in prison for insider trading
Singer, founder and CEO of hedge fund Elliott Management Corporation, speaks at the Sohn Investment Conference in New York
Singer, founder and CEO of hedge fund Elliott Management Corporation, speaks at the Sohn Investment Conference in New York

Paul Singer, founder and CEO of hedge fund Elliott Management Corporation, speaks at the Sohn Investment Conference in New York, May 8, 2013. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)

Deer Park Road hedge fund Managing Director Burg and President Craig-Scheckman pose  in Steamboat Springs, Colorado
Deer Park Road hedge fund Managing Director Burg and President Craig-Scheckman pose in Steamboat Springs, Colorado

Deer Park Road hedge fund Managing Director Scott Burg and Deer Park Road founder and President Michael Craig-Scheckman pose for a picture in Steamboat Springs, Colorado April 9, 2013. Picture taken April 9, 2013. To match Special Report USA-QE3/MABS REUTERS/Ken Proper (UNITED STATES - Tags: BUSIN