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Warren Buffett dumped on hedge funds for a promise that lasts long enough to...
Billionaire investor Warren Buffett, the founder of Berkshire Hathaway, dumped on hedge funds during Fortune's Most Powerful Women Summit.He said that as hedge fund assets grow in size, the fund...
View ArticleBond guru Bill Gross has called out all the hedge funds that are closing
Bond guru Bill Gross of Janus Capital has become the latest figure from the world of finance to slam the hedge fund industry. Gross: Story of The Day - Deep out of the money hedge funds shut down if...
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Here's what Wall Street's saying about a star exec's sudden exit and his...
This is the kind of news that sends whispers flying around Wall Street.Michael Novogratz, the CIO of Fortress Investment Group's macro fund, will step down at the end of this year. His $2.3 billion...
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PAUL SINGER: Developed countries are hopelessly and utterly insolvent
Billionaire hedge fund manager Paul Singer, founder of the $27 billion Elliott Management, went off on central-bank monetary policy at a hedge fund conference on Wednesday.Speaking at the inaugural Tel...
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The 129 finance people you have to follow on Twitter
Twitter has evolved into a platform for serious finance gurus.Beyond the jabberings of the small-time players, these analysts, hedge funders, and big players have the power to sway markets in 140...
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Short-seller Carson Block just dropped a blistering letter accusing a company...
Influential short-seller Carson Block is short TeliaSonera, a large telecom company based in Sweden.Block has released a blistering 37-page open letter to the company's board.The letter makes multiple...
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John Paulson is getting smoked
Some of John Paulson’s funds have been wiped out in the past two months.Bloomberg News' Katherine Burton and Simone Foxman report that the Paulson's flagship merger-arbitrage fund, Paulson Partners,...
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Hedge funds are getting whacked worse than at any time since the financial...
Hedge funds as a group have posted dismal returns this year.According to the hedge fund research firm Preqin, September marked the fourth consecutive month of negative returns, making this the longest...
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Yum Brands just got one step closer to breaking itself up
Fast-food restaurant operator Yum Brands added an activist hedge fund manager to its board and cut its full year outlook in China on Thursday.Activist investor Keith Meister of Corvex Capital, who has...
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A major hedge-funder in prison for insider trading is being sued by his...
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam, who is serving an 11-year prison term for insider trading, and his hedge fund have been sued by his younger brother for $13.5 million he...
View ArticleHere's a new behind-the-scenes video for Showtime's hedge fund show 'Billions'
Showtime has put out a behind-the-scenes video for the upcoming hedge fund drama "Billions" that debuts next year. The 12-episode series stars Damian Lewis, who plays a hedge fund king Bobby "Axe"...
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Bill Ackman's favorite company is turning on him
Valeant, Bill Ackman's biggest holding, seems to be straying from his vision of its business model.On Monday morning, the embattled pharmaceutical company reported a stellar third-quarter earnings beat...
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Bill Ackman is down more than $1 billion on his big Valeant bet
Hedge fund manager Bill Ackman has potentially lost more than $1 billion on paper on his hedge fund's largest stock holding.The Canadian drug company Valeant Pharmaceuticals got hammered after the...
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It's a hedge fund horror show as Valeant gets crushed
Hedge fund darling Valeant Pharmaceuticals took a hammering on Wednesday after short-selling-firm Citron Research published a report comparing it to Enron.The stock was down 19% to $118 at the close of...
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Bill Ackman buys 2 million shares of Valeant after it craters on accusations...
Hedge fund titan Bill Ackman purchased 2 million more shares of Valeant Pharmaceuticals Wednesday amid the stock's decline, CNBC's Scott Wapner reports.The stock was down 19% to $118 at the close of...
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Controversial biotech CEO Martin Shkreli wants everyone to know he has bought...
Former hedge fund manager and controversial biotech CEO Martin Shkreli posted on Twitter that he's long Canadian drug company Valeant Pharmaceuticals."I have taken a long position in [Valeant] and...
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The rise and fall of Valeant (VRX)
Valeant Pharmaceuticals' share price went on a wild ride Wednesday.The Canadian drug company's stock plummeted in early trading after short-selling firm Citron Research published a report comparing it...
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DAVID EINHORN: 'We decided to try to swing a little less hard' (GMCR, KORS,...
Hedge fund manager David Einhorn, the founder of $8 billion Greenlight Capital, said he's going to have to swing "a little less hard." Greenlight Capital fell 14.3% during the third quarter, bringing...
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David Einhorn has gone back to one of his most famous short positions — and...
Hedge fund manager David Einhorn, the founder of $8 billion Greenlight Capital, has reentered his famous short of Keurig Green Mountain."The second time has been a charm as our original thesis is...
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A company involved with Valeant has shed light on a critical accusation in...
Around 7:10 p.m. ET on Wednesday, Philidor — a specialty-pharmacy company that distributes and bills clients for embattled drug company Valeant Pharmaceuticals — made a statement that helped address...
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