Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.
Category: Hedge Funds
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Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results
The New York Times – Business: -
Hedge Fund Billionaire Gets Billions More to Retire
The New York Times – Business:Bridgewater’s founder, Ray Dalio, retired last year after months of negotiations that guaranteed him a gigantic exit package.
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FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
The New York Times – Business:The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.
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What Layoffs? Top Wall Street Traders Score Giant Paydays
The New York Times – Business:Some large hedge funds that profited off the recent market volatility are wooing traders with tens of millions of dollars in guaranteed payouts.
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Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
The New York Times – Business:A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.
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FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry
The New York Times – Business:Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
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Wall St. Brokers Look to Buy Rights to Assets Trapped on FTX
The New York Times – Business:Customers could be offered pennies on the dollar for what they lost when the crypto exchange filed for bankruptcy last week.
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Fed Frets About Shadow Banks and Eyes Treasury Liquidity in New Report
The New York Times – Business:The Federal Reserve is watching the government bond market and investment funds as rate increases ricochet through finance.
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Hedge Fund Investors See Opportunity in Rocky Stock Market
The New York Times – Business:Market turbulence isn’t deterring activists in the way that it once did.