Hedge Funds
Billionaire Ken Griffin sues the IRS after his tax records were disclosed
Ken Griffin, Citadel, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Hedge-fund billionaire Ken Griffin has sued the IRS and the Treasury Department over the “unlawful disclosure” of his tax information, escalating the battle in Washington over leaked tax filings of super-wealthy people including Warren Buffett and Jeff Bezos. In a complaint […]
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How FTX ‘death spiral’ spelled doom for BlockFi, according to personal bankruptcy submitting
The BlockFi symbol on a smartphone arranged in the Brooklyn borough of New York, on Thursday, Nov. 17, 2022. Gabby Jones | Bloomberg | Getty Images There was supposedly a single gentleman who could conserve crypto — Sam Bankman-Fried. The former FTX CEO bailed out and took more than crypto firms as cryptocurrency markets withered […]
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David Tepper’s hedge fund narrows its holdings, dumps Kohls and Occidental Petroleum
David Tepper’s Appaloosa Administration exited modest positions in various large identify organizations in the course of the 3rd quarter as the hedge fund continued to pull back from stocks. Appaloosa exited positions in Kohl’s and Occidental Petroleum that had been truly worth $66.9 million and $51.5 million, respectively, at the finish of June, in accordance […]
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‘Huge regime shift’: Lively administrators see enhance from the electrical power trade
ETF Edge ‘Huge regime shift’: Energetic professionals see raise from the energy trade Revealed Sunlight, Nov 13 202211:00 AM EST Noah Sheidlower@NSheidlower Look at Dwell Supply
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Hedge fund Elliott Management sees entire world on route to hyperinflation and worst disaster given that WWII
Elliott Management, one particular of the world’s greatest hedge resources, issued a dire warning on the marketplaces and the economy, indicating the environment could be headed towards its worst crisis since World War II. “[A]n incredible confluence of extremes and problems have designed feasible a set of results that would be at or beyond the […]
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Dan Loeb’s Third Level builds stake in Colgate, sees price in pet foods enterprise in possible spinoff
In this report CL Follow your beloved stocksMake Totally free ACCOUNT Daniel Loeb Simon Dawson | Bloomberg | Getty Pictures Dan Loeb’s Third Place has constructed a sizeable stake in client big Colgate-Palmolive, in accordance to CNBC’s David Faber. Loeb sees hidden price in Colgate’s subsidiary Hill’s Pet Nourishment, a pet food stuff organization, if […]
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Activist trader Starboard reveals stake in Salesforce, sees significant opportunity
In this post CRM Comply with your beloved sharesDevelop Free of charge ACCOUNT Jeffrey Smith, CEO of Starboard Worth LP and Chairman of Papa John’s Worldwide Inc. Brendan McDermid | Reuters Starboard Value LP has taken a stake in Salesforce, with founder Jeff Smith stating a significant opportunity stays in the organization software program maker, […]
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Young, wealthy investors are flocking to alternative investments, study shows. What to know before adding to your portfolio
More advisors are using alternative investments Alternative investments typically fall into four categories: hedge funds, private equity, “real assets” like real estate or commodities and pre-packaged investments known as “structured products.” Amid double-digit losses in the stock and bond markets this year, there’s been an uptick in advisors turning to alternative investments, as planners seek […]
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Florida hedge fund could experience around $200 million from big arbitrage bet on Twitter
Jakub Porzycki | Nurphoto | Getty Photographs Among the large winners in Elon Musk’s agreement to stick to by means of with his offer to obtain Twitter is an activist hedge fund primarily based in a coastal Florida city that was just wrecked by Hurricane Ian. Pentwater Funds, a 15-year-previous business with close to $5 […]
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Ray Dalio offers up Bridgewater’s control as component of succession strategy
Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on Might 24th, 2022. Adam Galica | CNBC Ray Dalio, the billionaire investor who created Bridgewater Associates into one of the world’s most significant hedge cash, has handed over handle of the $150 billion agency to a new generation of investors, Bridgewater […]
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