After accusations were published in Britain, Crispin Odey was severed from his own investment firm, which is now dissolving itself.
Category: Hedge Funds
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President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
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Founders of Three Arrows, Failed Crypto Fund, Are Living Large
The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world.
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Steve Cohen’s Amazin’, Maddening, Money-Losing Bid to Own New York
The New York Times – Sports:Once a symbol of Wall Street excess, Cohen has invested lavishly in the Mets, becoming the most beloved billionaire in Queens. Is that enough to reverse team history?
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Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results
The New York Times – Business:Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.
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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.