HEDGE

World’s largest hedge funds record bumper year of profits

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Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading funds made $67 billion in investor profits in 2023, up from the $65 billion … Read more

Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500

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Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had … Read more

Jim Chanos, the short seller who called Enron’s fall, is converting hedge fund to a family office

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Jim Chanos, Chanos & Company, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Renown short seller Jim Chanos will be converting his hedge fund Chanos & Co., to a family office and advisory business, CNBC has learned. The investor, best known for his bet against Enron before its bankruptcy in 2001, will … Read more

Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns

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An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on its head the status quo … Read more

Fugitive founder of 3AC crypto hedge fund arrested in Singapore

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Sopa Images | Lightrocket | Getty Images Authorities have arrested crypto fugitive Su Zhu, co-founder of bankrupt digital asset hedge fund Three Arrows Capital, who was apparently attempting to flee Singapore. Liquidators handling the bankruptcy estate of the collapsed fund, known as 3AC, said in a statement on Friday that Zhu was apprehended at Changi … Read more

The co-founder of a collapsed crypto hedge fund was arrested in Singapore

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Su Zhu, the co-founder of the collapsed crypto hedge fund Three Arrows Capital (3AC), was arrested in Singapore on Friday. Zhu was taken into custody while attempting to leave the country from Singapore’s Changi Airport, as reported earlier by Bloomberg. Teneo, the liquidation firm in charge of liquidating 3AC’s assets, says it received a committal … Read more

Millionaire hedge fund CEO says he primarily hires individuals with no background in finance and as soon as hiked a employee’s pay so he may name him at 1 a.m.

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The 1 a.m. pay rise was mentioned on the “Exchanges at Goldman Sachs” podcast.Getty A hedge fund boss mentioned he primarily hires individuals with no background in finance. Peter Brown additionally mentioned he as soon as provided a employee a pay rise within the early morning hours. Brown mentioned his uncommon hiring and retention methods … Read more

Recreation of Thrones’ The Hedge Knight Pauses, George R. R. Martin Helps Strike

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Government producer George R.R. Martin has introduced his “full and full and unequivocal assist” of the Writers Guild of America’s writers strike. The creator has confirmed growth on HBO’s upcoming Recreation of Thrones prequel A Knight of the Seven Kingdoms: The Hedge Knight has been briefly shut down till the strike reaches a good conclusion. … Read more

Recreation Of Thrones’ The Hedge Knight Hits The Brakes, George R.R. Martin Helps Writers Strike

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Yeah, yeah, we will spare you from rehashing the identical joke that everybody’s already made that after all George R.R. Martin helps writers’ strikes, as a result of why else would the notorious procrastinator nonetheless be engaged on “The Winds of Winter” after a seemingly endless collection of delays! The important thing takeaway right here … Read more