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Magda Wierzycka could have made more judicious picks, says top hedge fund manager →  August 17, 2018

Rand heads for sharp weekly drop after another tortuous week The local currency fared slightly better on Friday morning, but remains on track to qualify as this week’s worst-performing emerging-market currency Article source: https://www.businesslive.co.za/bd/opinion/columnists/2018-08-17-giulietta-talevi-magda-wierzycka-could-have-made-more-judicious-picks-says-top-hedge-fund-manager/

Magda Wierzycka could have made more judicious picks, says top hedge fund manager →  August 17, 2018

Rand heads for sharp weekly drop after another tortuous week The local currency fared slightly better on Friday morning, but remains on track to qualify as this week’s worst-performing emerging-market currency Article source: https://www.businesslive.co.za/bd/opinion/columnists/2018-08-17-giulietta-talevi-magda-wierzycka-could-have-made-more-judicious-picks-says-top-hedge-fund-manager/

Marijuana News Today: Popular Coffee Shop Chain Looks to Pivot Toward Pot →  August 17, 2018

iStock.com/Cattytonic Marijuana News Today Following the change of policy in Ontario toward private retail locations for weed sales, a popular coffee shop in Canada is now actively looking to potentially convert some storefronts from beans to bud in April 2019. The Second Cup Ltd (OTCMKTS:SCUPF, TSE:SCU) is up big following the announcement, jumping by 17% […]

Celebrity Big Brother: Kirstie Alley leads the way as the FIRST contestant to enter the new house →  August 16, 2018

Kirstie Alley is the first celebrity to enter the brand new Celebrity Big Brother house. The Cheers and Fat Actress star was seen getting flustered as she met presenter of the show Emma Willis at the foot of the staircase of her new home for the next months. ‘I’m scared!’ she declared, asking ‘What have […]

J.C. Penney sinks 27 percent on forecast cut, fashion falls flat →  August 16, 2018

(Reuters) – J.C. Penney Co Inc (JCP.N) shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss. The company’s shares fell more than 27 percent to $1.75 in morning trading, the lowest since […]

Morning Coffee: Star Deutsche Bank trader earns much-needed win for CEO. Hedge funds nothing but a ‘fee racket’ →  August 16, 2018

The way things have gone for Deutsche Bank recently, one would almost have to assume that the German lender was one of the several banks that was on the wrong side bets on Turkish bonds and currency. However, due to the keen foresight of one trading desk, the exact opposite happened. A fixed income trading […]

Correcting beliefs about hedge funds →  August 16, 2018

I recently shared the stage with Magda Wierzycka during a series of seminars which intended to give level-headed insight into the topic of land expropriation, where we attempted to separate fact from fiction and discussed the widespread misunderstanding regarding that emotive topic. Similarly, Magda’s opinion piece in yesterday’s Business Day offers me an opportunity to […]

Reality Shares To Launch A $100 Million Dollar Cryptocurrency Hedge Fund →  August 16, 2018

The Blockchain ETF provider, Reality Shares, will launch a $100 million dollars cryptocurrency hedge fund, according to a source that talked with Business Insider. According to the company, the cryptocurrency fund will have a multi-strategy. It will include a mix of arbitrage, venture, and directional strategies. Until now, the company was able to gather $25 million […]

Q2 hedge fund wrapup →  August 16, 2018

13F wrapup: Hedge funds have finished up reporting on the investments they held at the end of Q2, leaving investors to decide if they want to ride on the coattails of some new portfolio additions such as Keurig Dr Pepper (NYSE:KDP) by Citadel, Groupon (NASDAQ:GRPN) by Engaged Capital and GrubHub (NYSE:GRUB) by Jana Partners. Perhaps […]

Marijuana News Today: Canopy Growth Up 30% After Huge Alcohol Deal →  August 16, 2018

iStock.com/Oakozhan Marijuana News Today In what is probably the most exciting edition of “Marijuana News Today,” we have Canopy Growth Corp (NYSE:CGC) up by as much as 30% after a massive investment from Constellation Brands, Inc. (NYSE:STZ). The alcohol company Constellation Brands is putting another $3.8 billion into Canopy Growth after the two companies already joined together […]

How Westminster attacker hails from Birmingham jihadi hotspot →  August 15, 2018

The Sudanese immigrant accused of trying to kill pedestrians in Parliament Square hails from a Midlands suburb considered a terror hotspot because of the extraordinary number of jihadis who have lived there. Salih Khater, 29, a British citizen who moved to the UK from Sudan five years ago, lived in a flat in Sparkhill, an […]