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“#Ken Griffin sells Faena House penthouses in Miami at a loss” Billionaire hedge funder Ken Griffin has developed a reputation for spending big on real estate — setting new records from New York to Miami. Now he’s selling at a loss. In 2015, Griffin paid a then-record $60 million for two penthouse units at the Faena…
“#Braggy billionaire Michael Platt’s firm fined $170M for deceiving investors” The hedge fund tied to a billionaire who last year got caught on a viral video bragging to a New York City cabby about his wealth just got slammed with a massive fine for two-timing its investors. BlueCrest Capital Management — co-founded by Michael Platt,…
“#Hedge funds set records at the end of historically volatile 2020” One of the most turbulent years in modern history is coming to an end — and hedge funds are racking up their best returns in a generation. Hedge Fund Research’s HFRI 500 — an equal-weighted index of the world’s largest hedge funds’ returns —…
“#LI congressman will shame any New Yorker who opposes SALT cap repeal” A Long Island congressman says he plans to start outing New Yorkers who financial support a Trump-era tax overhaul that has Wall Street fleeing to the Sunshine State. Rep. Tom Suozzi, a Nassau County Democrat, on Monday announced plans to reintroduce legislation to…
“#Goldman Sachs eying Florida move for key division: report” Goldman Sachs is eying a move to Florida for one of its key divisions — in what could be yet another major blow to New York City’s position at the helm of the financial industry, a new report says. The financial titan is considering relocating its…
“#Jim Chanos shrinks Tesla short, praises Elon Musk” Five years into his crusade against Tesla’s stock price, Jim Chanos is licking his wounds — and finally tipping his hat to Elon Musk. The 63-year-old short seller admitted on Thursday he has slashed the size of his bet against the electric car company near the end…
“#Dov Charney in battle with hedge fund over family’s assets” A years-long financial feud between disgraced American Apparel founder Dov Charney and his former hedge-fund ally Soo Kim is getting personal. After years of trying and failing to collect on a $20 million loan to Charney from 2014 — part of an unsuccessful bid to…
“#Pershing Square’s Bill Ackman ‘bullish’ on 2021 but sees volatility in coming months” Billionaire hedge fund investor Bill Ackman said Thursday that he expects to see market gains next year but warned there could be volatility in the months ahead as the coronavirus continues to take its toll. Ackman told investors that he’s “happy to…
“#Bill Maher, Anthony Scaramucci stand to cash in big on Mets sale” Investors who bailed out the Mets in the wake of the Bernie Madoff scandal are about to make a killing now that billionaire Steve Cohen has taken over, The Post has learned. Cohen’s $2.4 billion deal to buy the Amazin’s closed on Nov….
“#Bill Ackman just made another massive bet on a new COVID-19 surge” Bill Ackman just placed another big bet against the credit markets as coronavirus cases surge nationwide. The billionaire investor said he has bought $8 million worth of insurance that will pay off if companies start defaulting on their debts like they did when…