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Billionaire Carl Icahn has quit advising Trump
Billionaire investor Carl Icahn is no longer advising President Trump.Icahn announced the move on Twitter late Friday afternoon, saying, "Today, with President Trump’s blessing, I ceased to act as...
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A hedge fund has raised $100 million to make bets based on other hedge funds
A new hedge fund has raised over $100 million and plans to use troves of data from other managers to select its investments. Epsilon Asset Management plans to scrape decades of regulatory documents to...
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Hedge funds betting on stocks are having their best year since 2009 — but...
Equity hedge funds are off to their best start to a year since 2009, but they're still trailing the S&P 500.In a market that's been largely devoid of price swings, hedge funds have been piling into...
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Gundlach fires back at report saying investors are fleeing his biggest fund
Over the weekend, the Wall Street Journal published a story that highlighted declining assets under management for "bond king" Jeffrey Gundlach's DoubleLine Total Return Bond Fund.After holding as much...
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Ray Dalio, the founder of the world's largest hedge fund, is worried that...
Bridgewater Associates founder and co-CIO Ray Dalio thinks that democracy is being threatened.In a LinkedIn post published Monday, Dalio said that democracies are healthy when the principles "that bind...
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It's a bad Monday for billionaire investor Bill Ackman (HLF, ADP)
The week is off to a bad start for Bill Ackman.Herbalife shares were up about 8% Monday morning following news that it had talks to go private.The surge is a blow to Bill Ackman's Pershing Square...
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Trump's inability to get anything done is crushing one key area of the stock...
As President Donald Trump struggles to pass legislation of any kind, investors are losing patience with the area of the stock market that was supposed to benefit most from his pro-business agenda.The...
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A $3.4 billion hedge fund's letter raises a fundamental question about the...
$3.4 billion hedge fund Tourbillon Capital has been losing money in its flagship fund."It highlights the challenges of remaining disciplined in a consensus and ETF driven persistent bull market," the...
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'A recipe for permanent loss of capital': A $3.4 billion hedge fund is...
Tourbillon Capital is a New York hedge fund that manages $3.4 billion.The fund told clients its concerns over popular stocks such as Amazon, Facebook and Google.Tourbillon also hinted at a potential...
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Hedge funds are shunning WTI crude oil
Brent prices reached a 12-week high on Friday, while WTI Crude prices—although surging on the latest drop in the U.S. rig count—were not touching week-highs, suppressed by rising U.S. crude output.In a...
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Herbalife has a plan that could 'squeeze' hedge fund billionaire Bill Ackman
Hedge fund billionaire Bill Ackman's short position in Herbalife is looking awfully shaky.First and foremost, the company's surging stock — up 11% over two days after a report that it held talks to go...
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A fresh San Francisco hedge fund is aiming to raise as much as $600 million
Jet Theriac, a former portfolio manager at Hutchin Hill Capital, is starting a new hedge fund in San Francisco.Theriac plans to launch the fund, Lanternback Capital, with between $100 million and $600...
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A portfolio manager at Izzy Englander's $35 billion hedge fund is setting off...
A longtime portfolio manager at Izzy Englander's $35 billion hedge fund Millennium is setting off on her own.Sara Nainzadeh is in the early stages of prepping a new hedge fund called Centenus Global...
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Herbalife has a plan that could 'squeeze' hedge fund billionaire Bill Ackman
Hedge fund billionaire Bill Ackman's short position in Herbalife is looking awfully shaky.First and foremost, the company's surging stock — up 11% over two days after a report that it held talks to go...
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Wall Street is divided over the future of banks
Battle lines have been drawn between hedge funds and their mutual fund counterparts.Their battlefield? The financial sector.Large-cap mutual fund portfolios carry a 141-basis-point overweight position...
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A senator is calling on the FBI to investigate billionaire investor and...
A US senator is calling on the FBI to investigate billionaire investor Carl Icahn.Senator Tammy Duckworth (D-IL) is calling on the investigations agency to look into whether Icahn violated federal...
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Billionaire investor Steve Cohen is reportedly edging closer to launching his...
ShoreBridge Capital Partners, which is gauging interest in a potential new hedge fund run by billionaire Steve Cohen, is telling potential investors to expect a trove of marketing materials in the...
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Billionaire hedge fund manager Bill Ackman is selling out of his large stake...
BOSTON/LONDON, Sept 6 (Reuters) - Billionaire investor William Ackman has decided to exit his large stake in Nomad Foods, selling out of one of his handful of investments at a time he is waging a proxy...
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A portfolio manager has returned to $42 billion hedge fund firm D.E. Shaw 'at...
A portfolio manager has rejoined $42 billion D. E. Shaw, in a role he had previously held.Patrick Saunders rejoined D. E. Shaw as a healthcare portfolio manager on the firm's long-short stock strategy....
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A hedge fund started by Steve Cohen's former COO is going through a shakeup
A portfolio manager has left Folger Hill, a fund that has struggled since it launched two years ago. Folger Hill was started by billionaire investor Steve Cohen's former chief operating officer, Sol...
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