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Bill Ackman just took a $200 million hit to his reputation
The billionaire investor Bill Ackman and his firm, Pershing Square — along with Valeant Pharmaceuticals — will pay just under $300 million to settle an insider-trading suit over their attempt to buy...
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Warren Buffett has won his $1 million bet against the hedge fund industry
In 2007, Warren Buffett entered a million-dollar bet with fund manager Protégé Partners that the S&P 500 would beat a basket of hedge funds over the next decade. His S&P 500 index fund...
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Clint Carlson's hedge fund assets drop $1 billion in five months after brutal...
Carlson Capital's hedge fund assets dropped by $1 billion in five months.The firm's Black Diamond Thematic fund lost 22.1% last year, with assets dropping more than $300 million from August to...
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Billionaire investor Steve Cohen is about to make his return to the hedge...
Billionaire Steve Cohen has amassed at least $3 billion in capital for his highly anticipated hedge fund launch, which is expected for February.The fund is expected to close to new money on March...
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Legendary investor T. Boone Pickens is shutting down his energy-focused hedge...
T. Boone Pickens announced Friday that he was closing down BP Capital, his energy-focused hedge fund. He cited health issues and a "roller coaster ride" while running the company. T. Boone Pickens said...
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The only female investment partner at $20 billion hedge fund Canyon has left
Dominique Mielle has left $20 billion hedge fund Canyon after 20 years at the firm.She was responsible for more than $2 billion in assets, according to her LinkedIn page.The hedge fund industry has...
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David Einhorn's Greenlight Capital suffers, says 'it feels like we have been...
David Einhorn's Greenlight Capital returned 1.6% last year after fees, compared to a 21.8% gain in the S&P 500, according to a fourth-quarter letter seen by Business Insider.Greenlight lost 1.6% in...
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David Einhorn's Greenlight Capital is betting that Twitter will have a...
David Einhorn's hedge fund Greenlight Capital is bullish on Twitter.The fund cites restructuring and new management at the social media site.The hedge fund said it initiated a small position in Twitter...
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The rising stars of headhunting everyone on Wall Street should get to know
Competition for talent on Wall Street is fierce.Banks, hamstrung by regulators on compensation and battling the stereotype of an onerous work culture, have seen a talent flight to investing firms and...
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A Spotify investor lays out the case for music streaming — including that...
Honeycomb Asset Management, a New York hedge fund started by David Fiszel, is bullish on streaming music.People are paying about twice as much per year for streaming music now as they used to for CDs,...
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The founder of controversial hedge fund Och-Ziff is reportedly at odds with...
Dan Och, the founder of the world's largest publicly traded hedge fund, is at odds with his 34-year-old protégé Jimmy Levin, the Wall Street Journal reported.Levin, who has known Och since he taught...
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BAUPOST'S KLARMAN WARNS: 'The world has tilted off its axis, and we believe...
Seth Klarman, the founder of The Baupost Group, a $30 billion hedge fund, is concerned about growing nationalism in the US and abroad.Klarman says investors should be worried.He wrote that President...
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BAUPOST'S KLARMAN: ‘We will have to work harder with less to show for it’
Value investor Seth Klarman, founder of $30 billion hedge fund The Baupost Group, says good investment ideas are harder to come by."Mispricings are less common and less stark, and expected returns are...
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Nike pops after billionaire activist Bill Ackman says he owns a stake (NKE)
Shares of Nike popped as much as 2% in pre-market trading Friday after Pershing Square Capital, the $12+ billion dollar hedge fund run by activist Bill Ackman, reportedly told investors it had acquired...
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'Frustrating and humbling': Founder of hedge fund Folger Hill tells clients...
Folger Hill Asset Management's flagship fund returned 2.65% last year compared to a 21.8% gain in the S&P 500."The growing pains associated with building Folger Hill over the last three years have...
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Hedge fund managers are celebrating big pay increases — here's how much you...
The median money manager was paid $350,000 in 2017, according to a survey by SumZero, an online community for investors.That's up from $300,000 in 2016, and marks the largest pay increase since...
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Billionaire investor David Einhorn's Greenlight Capital has gotten off to a...
The Greenlight Capital (Gold) fund fell 6% in January, while the S&P 500 rose 4.75%.It extends a tough streak for David Einhorn's hedge fund.David Einhorn's Greenlight Capital is having a rough...
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Greg Coffey, a star trader who retired at 41, is prepping one of the largest...
Greg Coffey is prepping one of the largest hedge fund launches of 2018, with $1 billion on day one, according to an investor familiar with the plans.His new firm, called Kirkoswald, will hard close at...
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Hedge fund Brevan Howard has had a solid start to 2018 after losing almost $4...
Brevan Howard, one of the world's largest hedge funds, lost almost $4 billion in assets in nine months, according to an analysis of client documents by Business Insider.The firm's flagship fund...
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Billionaire Paul Tudor Jones told Wall Street investors to bet on a spike in...
The billionaire investor Paul Tudor Jones told Wall Street investors last week that he expected market volatility to go up. It has been a long-term view for Jones, according to a person familiar with...
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