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Why Snap Stock Tanked 7% Yesterday →  March 29, 2017

Snap Stock Challenges Rise After the Quiet Period Snap Inc (NYSE:SNAP) has hit the headlines again and, this time, not for positive reasons. Facebook Inc (NASDAQ:FB) introduced new “Snapchat”-like features to the “Facebook” app and Snap stock plunged by 6.8% to close at $22.21 on Tuesday. This is not the first time the social networking […]

Cameron never ‘liked’ the EU and glad he called referendum →  March 30, 2017

Former PM made speech in Ukraine on the day Theresa May triggered Article 50 Mr Cameron admitted he never ‘liked’ the European parliament or European flag Insisted he was glad he called the referendum despite defeat costing his job  By James Tapsfield, Political Editor For Mailonline Published: 14:48, 30 March 2017 | Updated: 17:08, 30 […]

Euro dips as price data further dampens ECB hike expectations →  March 30, 2017

LONDON The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy. The single currency EUR= dipped 0.3 percent against the dollar and the yield on Germany’s 10-year government bond […]

Ackman apologizes for Valeant losses, calls bet a mistake →  March 30, 2017

BOSTON: Billionaire hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc , telling them he was “deeply and profoundly sorry” for losing so much of their money on the investment. Ackman decided to sell his entire Valeant position earlier this month, suffering a roughly US$4 billion loss since […]

John Paulson Slashes Bonuses at Hedge Fund After Dismal 2016 →  March 30, 2017

Hedge fund impresario John Paulson, struggling from investment losses and investor outflows in 2016, has drastically slashed bonuses to top executives at his once high-flying investment firm, the Fox Business Network has learned. Continue Reading Below Several top executives at the hedge fund outfit are reeling after receiving what is known in the financial industry […]

John Paulson Slashes Bonuses at Hedge Fund After Dismal 2016 →  March 30, 2017

Hedge fund impresario John Paulson, struggling from investment losses and investor outflows in 2016, has drastically slashed bonuses to top executives at his once high-flying investment firm, the Fox Business Network has learned. Several top executives at the hedge fund outfit are reeling after receiving what is known in the financial industry as “zeroes,” meaning […]

Catella Nordic Long Short Equity Named Best Fund by The Hedge Fund Journal →  March 30, 2017

STOCKHOLM, Mar 30, 2017 (PR Newswire Europe via COMTEX) — STOCKHOLM, Mar 30, 2017 /PRNewswire/ — “We are delighted that Catella Nordic Long Short Equity has won this award against tough competition. Our overall aim is to generate excess returns for our unitholders through a clear focus and excellent fundamental knowledge of the Nordic markets. […]

Why Snap Stock Tanked 7% Yesterday →  March 29, 2017

Snap Stock Challenges Rise After the Quiet Period Snap Inc (NYSE:SNAP) has hit the headlines again and, this time, not for positive reasons. Facebook Inc (NASDAQ:FB) introduced new “Snapchat”-like features to the “Facebook” app and Snap stock plunged by 6.8% to close at $22.21 on Tuesday. This is not the first time the social networking […]

Brexit letter to trigger EU divorce arrives in Brussels →  March 29, 2017

Theresa May is on a collision course with Brussels after demanding that talks over a post-Brexit trade deal take place at the same time as negotiations over a mooted £50billion divorce settlement. In a day of high political drama, the Prime Minister was cheered to the rafters by Tory MPs in the Commons as she […]

Global stocks slip, sterling steadies as Brexit becomes real →  March 29, 2017

LONDON European shares drifted lower on Wednesday, while sterling battled back from a one-week low and regained its composure amid the drama of Britain formally triggering its exit process from the European Union. The pound was the biggest loser on major currency markets as European trading got underway. But it clawed back almost all its […]

Partner at John Paulson’s Hedge Fund Plunged to His Death in Apparent Suicide →  March 29, 2017

A Paulson Co. partner that once worked for a Bernie Madoff feeder fund plunged to his death in an apparent suicide Monday. Charles Murphy, 56, was found on the fourth-floor terrace of luxury New York hotel Sofitel, after jumping from a room on the 24th floor, according to Bloomberg, citing people familiar with the matter. […]