Bobby Jain has gathered $5.3 billion in commitments for his new multistrategy hedge fund, marking the biggest fundraising haul since ExodusPoint Capital Management’s record debut.

Institutional investors have grown tired of paying fees to hedge funds for what they see as “skill-less returns.”

Even Ken Griffin is a little worried. Multimanager funds like Griffin’s Citadel have come to dominate the hedge fund industry, riding a steady run of outperformance to oversee more than $1 trillion, including a healthy dose of leverage.

At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking to accommodate growing staff and encourage in-person collaboration with trendier digs. Along with tech companies, they’re helping to fill part of the void left from employers giving up space -- even as Manhattan’s office supply continues to grow faster than demand.

Steve Cohen’s Point72 Asset Management is eyeing cryptocurrency-related investments.

Leon Cooperman declined an invitation from Senator Elizabeth Warren to testify at a tax hearing.

It’s more than enough money, at going prices, to buy one GameStop, two AMC Entertainments and four Bed Bath & Beyond's.

For years, hedge funds have blamed placid markets for their uninspiring returns. That excuse won’t fly this year.

Investor David Einhorn said technology stocks are in an “enormous” bubble and he has added a set of short wagers to profit from it.

After years of losing both clients and clout in financial markets, signs are emerging that hedge funds are back in favor in the U.S.