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Even Steve Cohen Has To Show His Tickets To Get Into Christie's For An Art...
Billionaire hedge fund manager Steve Cohen was spotted at Christie's on Tuesday evening at a post-war contemporary art auction.A spy saw Cohen wearing a plain black jacket, slacks and thick sole...
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DAVID TEPPER: 'I Am Nervous. I Think It's Nervous Time.'
Billionaire David Tepper, who runs $20 billion distressed debt hedge fund Appaloosa Management, gave some cautious comments at the SALT Conference in Las Vegas on Wednesday evening.Tepper is one of...
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Wall Streeters Are All Over This Sick Formula 1 Race Car Booth At The Hedge...
We're at the SALT Conference in Las Vegas — one of the most prestigious hedge fund conferences of the year with over 1,800 folks from the buyside in attendance. Outside of the ballroom with all the...
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HEDGE FUND MANAGER: Warren Buffett 'Is Basically A Tax Evader'
Macro fund manager John Burbank of Passport Capital joked that Warren Buffett is "basically a tax evader" at the SALT conference and attendees started clapping and laughing.His argument is not that...
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CHANOS: Macao Is Next
It's well known that famed short-seller Jim Chanos is bearish on China's growth. He's said that the country is on "treadmill to hell" in terms of its finances, especially because of massive...
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Here's One Hedge Fund's Plan To Save The Company That Runs The World Poker Tour
In the wake of a failed merger, declining revenues, and a general routing by its peers, the company that runs The World Poker Tour — U.K.-based gaming company Bwin.Party — has seen its stock decline...
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2014 Is Still Really Dark For Hedge Funds
Things are still miserable for hedge funds. 2014 started out as their worst year since 2008, and according to a report by research firm Preqin, it's not getting any better. The best-performing strategy...
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It's T. Boone Pickens' Birthday — Here Are 22 'Boone-isms' On How To Win In...
It's billionaire oil tycoon T. Boone Pickens' birthday today.The 86-year-old certainly has a way with words and a knack for telling it like it is. He's known for engaging with hip-hop stars like Drake...
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Here's What Happened When I Went To Vegas With 1,800 Hedge Fund Managers
I was hoping for “Margin Call” meets “Spring Breakers”: 1,800 rich Wall Street dudes winging westward for four Krug-soaked days in the famous mecca of misbehavior and debauchery, Las Vegas, to talk...
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A Startup Is Having An Investment Idea Tournament With $160,000 In Cash Prizes
Start thinking now. SumZero, an online community for investment professional to exchange ideas, is partnering with FactSet for an investment idea tournament with $160,000 up for grabs.It all starts on...
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Here Are The 49 Stocks That Big Hedge Funds Love Most
FactSet is out with its quarterly report on what stocks the 50 largest hedge funds are holding.FactSet notes that these hedge funds increased their equity exposure by 1.9% in the first quarter, and...
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This Hedge Fund Manager's Chicken Coop Costs More Than The Average Home In 16...
DealBook has an extensive feature on British hedge fund manager Crispin Odey's palatial chicken coop he's been building on his West England estate.Now get this — Odey's 775 square-foot Palladian-style...
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The Stocks Hedge Funds Are Falling Out Of Love With
It must've been love, but it's over now.This year has been miserable for hedge funds, especially those with long/short equity strategies. According to research firm Preqin, funds of that type were down...
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More And More Once-Exclusive Hedge Funds Are Tapping Mom And Pop
As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and...
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A Yacht Was Spotted In Chicago With A Name That Only Traders Could Appreciate
A Chicago person spotted a 72-foot Princess Yacht appropriately named "Moar Theta" on Lake Michigan this weekend. It's a name that only traders could truly appreciate."Theta" refers to time decay on an...
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It Looks Like Bill Ackman Has Another War On His Hands (VRX, AGN)
On Tuesday, pharmaceutical company Allergan filed a presentation with the SEC trashing Valeant — the company trying to acquire Allergan with the help of hedge fund manager Bill Ackman. He has an almost...
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David Einhorn Offered Regis Philbin A Summer Internship For His Winning Stock...
Hedge fund hot-shot David Einhorn offered former television host Regis Philbin a summer internship at Greenlight Capital last night on CNBC's "Fast Money."Einhorn made a surprise phone call into the...
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How To Join The Hedge Fund Industry's '$1 Billion Club'
Preqin's latest report on the hedge fund industry is out, and one of the main takeaways: most of the money parked in hedge funds is controlled by a small number of firms.Preqin reports that the "$1...
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That Time A Super Rich Hedge Fund Manager Wrestled His Middle-Class Brother...
Writer Eric Spitznagel, the brother of hedge fund manager Mark Spitznagel, had a fascinating essay in the New York Times Magazine this weekend about what it's like being middle class and having an...
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Carl Icahn Bought A Whole Lot Of Fannie And Freddie Stock
NEW YORK (Reuters) - Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae <FNMA.OB> and Freddie Mac <FMCC.OB> from mutual fund...
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