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→  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 […]

→  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 […]

→  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 […]

→  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. […]

→  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 […]

→  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 […]

→  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 […]

→  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. […]

→  March 29, 2017

Sometimes you have to pinch yourself to remember that just 27 years ago there was no such thing as an exchange-traded fund, or ETF. By the end of last year these funds collectively had a staggering US$3.55 trillion of assets under management compared with around US$3 trillion in hedge funds, which have been around since […]

→  March 29, 2017

(Eric Mindich, the founder and CEO of Eton Park Capital Management.REUTERS/Christian Hartmann) Around midday on March 23, the news that a once vaunted hedge fund would close started rippling through New York’s hedge fund community. Eton Park Capital Management, a $7 billion hedge fund run by former Goldman Sachs wunderkind Eric Mindich, announced it would shutter. […]