Mathew Martoma, a former portfolio manager with SAC Capital Advisors LP, arrives at federal court in New York, U.S., on Tuesday, Jan. 7, 2014. Photographer: Peter Foley/Bloomberg

Mathew Martoma may have the one thing prosecutors have been unable to find in their probe of SAC Capital Advisors: a direct link between founder Steve(...)

The salesroom at Christie’s auction house is shown during the auction of Francis Bacon’s ‘Three Studies of Lucian Freud’ in New York. Photograph: Reuters/Christie’s Images

Mystery surrounds the identity of the new owner of the most valuable work of art sold at auction – a painting by Dublin-born artist Francis Bacon. Chr(...)

US bank share prices have come roaring back since the global financial crisis and the financial industry is now challenging technology as the largest (...)

Bill Ackman:  short on Herbalife

Short selling can be a dangerous game, as hedge fund giant Bill Ackman (above) is discovering.Last December, Ackman – a seemingly unpopular man on Wal(...)

Hedge fund giant SAC is unlikely to be displeased with having to cough up $602 million to settle charges of insider trading in Elan shares. (...)