#’Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’

#’Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’

“‘Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’” An upstart hedge fund achieved a whopping 163% return last year by betting Fed rate hikes would cause economic chaos, according to a report Wednesday. Investment manager Neal Berger’s Contrarian Macro Fund, which controls about $200 million in assets, placed bearish…

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#Bill Ackman denies defending Sam Bankman-Fried after FTX failure

#Bill Ackman denies defending Sam Bankman-Fried after FTX failure

“Bill Ackman denies defending Sam Bankman-Fried after FTX failure” Billionaire investor Bill Ackman pushed back on claims he was defending Sam Bankman-Fried after tweeting the crypto huckster’s excuses for FTX’s collapse were “believable.” The Pershing Square Capital Management boss turned heads last week after saying, “Call me crazy, but I think @sbf is telling the truth” –following…

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#BlockFi files for bankruptcy as FTX contagion spreads

#BlockFi files for bankruptcy as FTX contagion spreads

“BlockFi files for bankruptcy as FTX contagion spreads” Prominent cryptocurrency lending platform BlockFi filed for bankruptcy on Monday as the contagion effect from FTX’s collapse spreads through the sector, company officials said. The company’s bankruptcy filing stated it has more than 100,000 creditors, along with estimated assets and liabilities of between $1 billion and $10…

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#Google parent Alphabet urged to cut costs by hedge fund TCI

#Google parent Alphabet urged to cut costs by hedge fund TCI

“Google parent Alphabet urged to cut costs by hedge fund TCI” Activist investor TCI Fund Management on Tuesday called on Alphabet to cut costs and take aggressive action, saying the Google parent has too many employees and should increase share buybacks. “The company has too many employees and cost per employee is too high,” the hedge fund said in a letter to…

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#David Einhorn’s Greenlight Capital takes stake in Twitter

#David Einhorn’s Greenlight Capital takes stake in Twitter

“David Einhorn’s Greenlight Capital takes stake in Twitter” Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said he has changed his mind about the deal. Greenlight founder David Einhorn wrote to investors…

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