Hema Parmar

Stay informed with Hema Parmar’s coverage and analysis for Fortune.

Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks at the Society of the Four Arts in Palm Beach, Florida, US, on Tuesday, March 7, 2023. Griffin said the setup for a US recession is unfolding, with the Federal Reserve needing to raise interest rates further after Americans were stung with “traumatic” levels of inflation. Photographer: Saul Martinez/Bloomberg via Getty Images

Ken Griffin’s Citadel has outperformed many hedge funds and boosted its assets to $63 billion — now it plans to return $7 billion to clients

By Hema Parmar and Bloomberg

Jim Chanos, founder and president of Chanos & Company LP, during a Bloomberg Television interview in New York, US, on Thursday, Sept. 14, 2023. Chanos said that Chinese President Xi Jinping has put ideology over the nation’s economy, raising the risk to the rest of the world. Photographer: Victor J. Blue/Bloomberg via Getty Images

Short-seller Jim Chanos, who cashed in by betting on Enron’s infamous collapse, to close his hedge funds after 38 years

By Hema Parmar and Bloomberg

Steven “Steve” Cohen, chairman and chief executive officer of SAC Captial Advisors LP, speaks during the Robin Hood Veterans Summit in New York, U.S., on Monday, May 7, 2012. The one-day summit discusses transitioning the country’s armed forces personnel back to civilian life. Photographer: Scott Eells/Bloomberg via Getty Images

Billionaire Steve Cohen predicts a short ‘fake scare’ recession this year followed by a stock market rebound

By Hema Parmar and Bloomberg

SAN FRANCISCO, CALIFORNIA – MAY 30: An aerial view of the San Francisco skyline on May 30, 2023 in San Francisco, California. (Photo by Brandon Sloter/Getty Images)

Hedge fund sued for ‘misogynistic’ culture that included ‘inappropriate conduct’ and ‘bawdy jokes’

By Hema Parmar and Bloomberg

David Siegel, co-founder and co-chairman of Two Sigma, speaks during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. The conference invites investors, from institutional and high-net worth to private and retail, to leave with fresh perspective and crucial insight for 2023 and beyond. Photographer: Jeenah Moon/Bloomberg via Getty Images

Cofounders of a $60 billion hedge fund disagree about nearly everything and it’s created a ‘material risk’ for their clients

By Hema Parmar and Bloomberg

Jerome Powell, Gary Gensler

Hedge funds are exploiting a shadowy trade to cash in on the debt crisis and the SEC and Fed are questioning prime brokers, sources say

By Sonali Basak, Liz Capo McCormick, and others

NEW YORK, NY – NOVEMBER 23: Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. (Photo by Jim Spellman/WireImage)

Michael Burry bought up millions worth of troubled regional bank stock last quarter including First Republic

By Hema Parmar and Bloomberg

TAMPA, FL – NOVEMBER 06: Tampa Bay Buccaneers Quarterback Tom Brady (12) looks out towards the field moments before taking the field in the regular season game between the Los Angeles Rams and the Tampa Bay Buccaneers on November 06, 2022 at Raymond James Stadium in Tampa, Florida. (Photo by Cliff Welch/Icon Sportswire via Getty Images)

Tom Brady and other super wealthy investors lost big money in FTX’s collapse

By Hema Parmar, Gillian Tan, and others

SWITZERLAND – JANUARY 30: Daniel S. Och, chairman and chief executive officer of Och-Ziff Capital Management Group LLC, speaks during a session on day three of the World Economic Forum in Davos, Switzerland, on Friday, Jan. 30, 2009. This year’s meeting, which is titled “Shaping the Post-Crisis World,” runs until Feb. 1. (Photo by Adrian Moser/Bloomberg via Getty Images)

Inside the ugly dispute between a hedge fund and its founder, who elevated his kids’ former camp counselor to CEO

By Jef Feeley, Hema Parmar, and others

Julian Robertson

Julian Robertson, the hedge fund billionaire who fathered a whole ambush of ‘Tiger Cubs,’ dies at 90

By Katherine Burton, Hema Parmar, and others

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital

Once high-flying hedge fund Melvin Capital to liquidate funds after huge losses

By Hema Parmar and Bloomberg

NEW YORK, NEW YORK – APRIL 16: Buildings are seen in lower Manhattan on April 16, 2021 in New York City. As thousands of New Yorkers continue to work from home, with many vowing to never return to an office, debate is growing about repurposing office space for retail and residential use. As of March of this year, over 17 percent of Manhattan’s office space was vacant or about to become so. New York Governor Cuomo has recently proposed allowing commercial-to-residential conversions in order to address the growing vacancy problem. (Photo by Spencer Platt/Getty Images)

All that empty Manhattan office space is getting gobbled up by Wall Street firms

By Natalie Wong, Hema Parmar, and others

Dawn Fitzpatrick, chief investment officer of Soros Fund Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Beijing’s crackdown is scaring major funds away from putting ‘money into China right now’

By Nishant Kumar, Hema Parmar, and others

Kenneth Griffin, founder and chief executive officer of Citadel LLC, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Citadel’s founder says those early in their career ‘are making a grave mistake’ if they work from home

By Alan Mirabella, Hema Parmar, and others

David Einhorn, president of Greenlight Capital Inc., speaks during the 23rd annual Sohn Investment Conference in New York, U.S., on Monday, April 23, 2018. Since 1995, the Sohn Investment Conference, has brought the world’s savviest investors together to share fresh insights and money-making ideas to benefit the Sohn Conference Foundation’s work to end childhood cancer. Photographer: Kholood Eid/Bloomberg via Getty Images

Are tech stocks in an ‘enormous’ bubble? Greenlight’s David Einhorn thinks so

By Hema Parmar, Joshua Fineman, and others