#Jim Chanos still shorting Tesla, just more cautiously

#Jim Chanos still shorting Tesla, just more cautiously

“#Jim Chanos still shorting Tesla, just more cautiously” Jim Chanos still thinks Tesla’s stock is a house of cards, but he’s adjusting his plan to profit from its collapse. The famed short seller told CNBC on Wednesday that he has turned his disastrous, longstanding short bet against Elon Musk’s electric car company into a put…

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#James Simons steps down as chairman of Renaissance Technologies

#James Simons steps down as chairman of Renaissance Technologies

“#James Simons steps down as chairman of Renaissance Technologies” Legendary investor James Simons has stepped down as chairman at his secretive hedge fund Renaissance Technologies. The 82-year-old Simons — a former math professor who became one of the most successful investors in history by pioneering computer-based stock trading — notified investors in December that he…

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#Kamala Harris’ top economic advisor is another BlackRock exec

#Kamala Harris’ top economic advisor is another BlackRock exec

“#Kamala Harris’ top economic advisor is another BlackRock exec” BlackRock is cementing its position as the Biden administration’s go-to Wall Street firm. Vice-President-elect Kamala Harris on Friday said she’s selected BlackRock’s Global Chief Investment Strategist Mike Pyle as her chief economic advisor, making him the third high-profile member of Larry Fink’s $7.8 trillion financial empire…

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#Buyout firm owned by Tom Gores eyes B sale: report

#Buyout firm owned by Tom Gores eyes $4B sale: report

“#Buyout firm owned by Tom Gores eyes $4B sale: report” Portable toilets vendor United Site Services is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday. Platinum Equity, the buyout firm…

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#New Mets owner Steve Cohen pocketed .6B in 2020

#New Mets owner Steve Cohen pocketed $1.6B in 2020

“#New Mets owner Steve Cohen pocketed $1.6B in 2020” Mets fans will be pleased to learn that Steve Cohen hit it out of the park last year. The billionaire investor’s hedge fund Point72 Asset Management returned double digit gains of around 17 percent in 2020, according to an investor. Cohen’s personal take on that haul…

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#Dan Loeb’s hedge fund urges Intel to explore deal options

#Dan Loeb’s hedge fund urges Intel to explore deal options

“#Dan Loeb’s hedge fund urges Intel to explore deal options” Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker’s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to…

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