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A hedge fund made $700 million on its GameStop investment before bailing...
Summary List PlacementThe Reddit-fueled market mania that sent GameStop and other heavily-shorted stocks soaring last month has often been described as a perfect example of retail investors sticking it...
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$6 billion Schonfeld details a training push called 'Sapphire' to develop new...
Summary List PlacementAfter a year when the humans outperformed the machines at $6.4 billion Schonfeld Strategic Advisors, the firm's annual letter to investors emphasized just how much they've grown...
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Billionaire Lee Ainslie is telling investors that his $9 billion Maverick...
Summary List PlacementWhile billionaire Lee Ainslie was not an immediate winner following the GameStop-fueled market volatility of last week, he told investors the aftermath of the...
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The 24-year-old founder of 2 crypto hedge funds overseeing $100 million...
Summary List PlacementA 24-year-old founder of two cryptocurrency hedge funds pleaded guilty to securities fraud on Thursday.The two hedge funds had more than $100 million in assets, the Department of...
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A hedge fund manager who wrote a definitive book on short-selling breaks down...
issSummary List PlacementShort-selling is back. After short-sellers lost about $19 billion on GameStop as of last Friday, investors warned about a growing reluctance to short. But Hindenburg Research...
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Jim Simons' RenTech fund has fielded over $5 billion of client withdrawals in...
Summary List PlacementRenaissance Technologies has fielded over $5 billion in withdrawal requests in less than 10 weeks.Jim Simons' quantitative hedge fund posted double-digit losses in its three...
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A new investor letter from billionaire hedge-fund manager Izzy Englander lays...
Summary List PlacementEurekahedge called last year the best stretch for hedge funds in over a decade and billionaire Izzy Englander wouldn't argue with that assertion.Millennium, with its nearly $50...
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These were the top 15 highest-earning hedge funders in 2020
Summary List PlacementHedge funds raked in big profits in 2020 amid a historically volatile market landscape.The leaders of 15 hedge funds earned a combined $23 billion last year, according to a...
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The hedge funder whose GameStop short bets led to a 53% January loss took...
Summary List PlacementGabe Plotkin, the founder of short-seller Melvin Capital, took home $846 million in 2020, netting him a spot among the top hedge fund earners last year, according to Bloomberg. In...
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Billionaire Alan Howard's hedge fund Brevan Howard just hired a longtime...
Summary List PlacementBrevan Howard is adding a big name in New York.The $11 billion hedge-fund manager run by billionaire Alan Howard poached longtime Goldman Sachs mortgage trader Morad Masjedi,...
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Three hedge funds that focus on cannabis generated eye-popping returns by...
Summary List PlacementIn the middle of 2019, Jason Wild was facing what he says felt like the "absolute destruction" of the fledgling cannabis industry.His firm, JW Asset Management, manages over $2.2...
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Volatility expert Christopher Cole warns that Wall Street needs to wake up to...
Summary List PlacementGameStop's slogan — "Power to the Players"— seems oddly prescient now. The brick-and-mortar video-game retailer's stock was the center of a market frenzy that many on one side —...
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Reddit day traders wanted to beat Wall Street to prove the system is rigged....
Summary List PlacementKeith Gill, the day-trading member of the Reddit group Wall Street Bets who is widely credited with igniting the recent GameStop trading frenzy, claimed in late January that he...
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What you need to know in markets this week: Bitcoin and beyond; 'Hey big...
Summary List PlacementLast week saw some game-changing events for the cryptocurrency market, which pushed the prices of bitcoin, ether and others to record highs. Meanwhile, on the commodities front, a...
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GOLDMAN SACHS: These 40 heavily shorted stocks could be the next GameStop if...
Summary List PlacementThe GameStop short squeeze and stock bonanza might have felt like a once-a-decade or once-in-a-lifetime event, but Goldman Sachs says it could happen again, and soon.Even if there...
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The CEOs of Robinhood, Reddit, Melvin Capital, and Citadel, as well as...
Summary List PlacementThe CEOs of brokerage app Robinhood, social-media site Reddit, hedge fund Citadel, and investment-management firm Melvin Capital will testify as part of a House hearing into the...
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Longtime Goldman Sachs trading exec Michael Daffey is out, joining a stream...
Summary List PlacementGoldman Sachs markets division chairman Michael Daffey is leaving the bank after a 28-year career. Daffey will leave next month, according to a memo seen by Insider and confirmed...
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Billionaire Seth Klarman's Baupost pumped nearly $200 million into 6 new SPAC...
Summary List PlacementLegendary value investor Seth Klarman has found a new favorite bet: SPACs. The Boston-based billionaire pumped $195 million into a half-dozen special-purpose acquisition companies...
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The hedge fund that lost 53% in January betting against GameStop bought $1.3...
Summary List PlacementMelvin Capital Management, the hedge fund at the heart of the GameStop saga that captivated observers in January, bought 4.66 million Facebook Class A shares valued at $1.27...
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Citadel's Ken Griffin and Melvin Capital's Gabe Plotkin are about to get...
Summary List PlacementThe men — and it's almost always men — who run hedge funds don't speak publicly, and they definitely don't like doing so in front of Congress. But compared to the last time...
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