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A secretive hedge fund legend is paying 800 New York teachers $15,000
Teachers in America are poorly paid relative to their peers elsewhere in the advanced world.Jim Simons, the legendary founder of hedge fund Renaissance Technologies and a renowned mathematician, is now...
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Carl Icahn just upped his bet on the company Jim Chanos is shorting
Billionaire investor Carl Icahn has added to his position in Cheniere — a natural-gas exporter that hasn't turned a profit in more than 20 years.Icahn now owns approximately 22,682,159 shares, or a...
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Bill Ackman just dropped a big presentation likening Herbalife to a company...
Hedge fund manager Bill Ackman, founder of the $19 billion Pershing Square Capital, has just put out a 29-slide presentation comparing Herbalife to Vemma Nutrition Company.In late August, the Federal...
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TRUMP: I'll hike taxes on hedge funds — but I'll make the US so great,...
Real-estate mogul Donald Trump has repeatedly vowed to hike taxes on the "hedge-fund guys" in recent days.But the Republican presidential front-runner argued Monday night that those hedge-fund managers...
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KYLE BASS: 'I'm not a quitter'
Texan hedge fund manager J. Kyle Bass isn't backing down in his big war against the pharmaceutical industry. "I'm not a quitter," he told CNBC's David Faber.Earlier this month, the Patent Trial and...
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ACKMAN: The US government is perpetrating 'the most illegal act of scale'...
Hedge fund titan Bill Ackman, founder of $19 billion Pershing Square Capital Management, slammed the US government Tuesday night for keeping all the profits from mortgage guarantors Fannie Mae and...
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After 3 years of losing money, Jim Chanos is back
Short-seller Jim Chanos, founder of the hedge fund Kynikos Associates, has been a huge China bear since 2009, and the bet is finally starting to pay off.The Wall Street Journal's Juliet Chung reports...
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Wall Street's bullies want to fix their image (CS)
2015 is the year of the kinder, gentler activist investor. Really.Wall Street’s tough guys are softening their language and dialing down the rhetoric in attack as they look to take on bigger targets....
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David Tepper's stunning Hamptons mansion is now complete — here is what it...
Hedge fund billionaire David Tepper bought an oceanfront mansion in Sagaponack, New York, in 2010 from Jon Corzine's ex-wife for $43.5 million.The following summer, Tepper tore down Corzine's former...
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These are the 20 biggest hedge funds in the world
Hedge funds are a huge force in the financial world but they're not always the most transparent. Below is a list of the 20 largest hedge funds by gross assets covered by data compiler Graypools. The...
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A former hedge fund manager jacked up the price of a crucial drug, and people...
A biotech company founded by a former hedge fund manager recently purchased the rights to a critical antiparasitic drug and jacked up the price by more than 5,000%.Startup Turing Pharmaceuticals...
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HUGH HENDRY: 'We may be approaching the end, not the beginning, of a dark...
Eclectica Asset Management, the UK-based hedge fund founded by Hugh Hendry, faltered in August.Eclectica's flagship fund fell 7.1% over the month, dragged down by its exposure to European equities....
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HEDGE FUND TITAN: Central bank policy directly benefits 'bankers and the rich'
Paul Marshall, the cofounder and chairman of $20 billion plus London-based hedge fund Marshall Wace, has delivered a derisive critique of quantitative easing in a Financial Times opinion piece.In an...
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The hedge funder at the center of the drug-increase controversy has a long...
The story of a young former hedge fund manager buying a lifesaving drug and then jacking up the price by more than 5,000% has ignited a firestorm.But this is hardly the first controversy for the man at...
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Kyle Bass scored a huge win in his big short strategy
Texas hedge fund manager J. Kyle Bass' big short strategy lives on.The founder of Hayman Capital Management just scored a victory in his war against the pharmaceutical industry and what he has called...
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Boaz Weinstein's fund is being sued on the charge of 'manipulating the value'...
One of Canada's largest pension boards is suing Saba Capital, the hedge fund run by credit trader Boaz Weinstein, for allegedly "manipulating the value" of their investments in a fund.The Public Sector...
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Donald Trump just got the endorsement of billionaire Wall Streeter Carl Icahn
Billionaire investor Carl Icahn told Bloomberg News that he's endorsing Donald Trump because he's the sort of leader the US needs at this time. "I disagree on certain points I don’t want to get into,...
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The trailer for Carl Icahn's new video 'Danger Ahead' just dropped
Billionaire investor Carl Icahn will publish a video on his website Tuesday morning at midnight ET about some "critical matters" he thinks the US is facing.A trailer for the video has just popped up on...
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Sotheby's most profitable business isn't art auctions, and that is worrying...
The most profitable business at auction house Sotheby's is its finance arm, and the company's temptation to grow this has one analyst worried. Sotheby's boosted the size of its credit facility nearly...
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Valeant got spanked
We may now know why Valeant CEO Mike Pearson chose Monday to give all of his employees a pep talk.Democrats on the US House Oversight and Government Reform Committee have all signed a letter sent to...
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