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 ImagesFinance

    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 ImagesFinance

    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 ImagesFinance

    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)Finance

    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 ImagesFinance

    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 GenslerFinance

    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)Finance

    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)The Coins

    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)Leadership

    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 RobertsonFinance

    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 CapitalFinance

    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)Finance

    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 ImagesInternational

    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 ImagesCareers

    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 ImagesFinance

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

    By Hema Parmar, Joshua Fineman, and others