Tag: hedge
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The 4 Business Moguls Cheering For ‘The Little Guys’ In The GameStop Fiasco
Wall Street is still reeling after amateur investors poured money into stocks heavily shorted by multiple hedge funds. Many financiers were not thrilled about amateur investors’ discovery of speculative trading. Omega Advisors CEO Leon Cooperman told CNBC that GameStop traders “have no idea what they’re doing.” Though many wealthy Americans familiar with the financial markets…
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Amateurs beat Wall St pros at their own game
The GameStop incident has caught the attention of markets, regulators and governments worldwide. It has been a classic financial power tussle between a swarm of amateur traders and the influential hedge funds, in which the former emerged victorious. ET looks at what transpired:WHAT IS THE GAMESTOP EPISODE ALL ABOUT?It revolves around an NYSE listed video…
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Bitcoin’s biggest fans are hedge fund baby boomers
Bitcoin is the best holiday gift for an underperforming hedge fund director. Just ask SkyBridge Capital’s Anthony Scaramucci, who’s diving after his fund of hedge funds submitted its worst annual performance as 2008. That’s going to become a coincidence.Whatever one’s misgivings about the sustainability of this cryptocurrency’s no cost rally — it has doubled in…
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A famous hedge fund bought Tesla stock before it surged 91% this year. It potentially raked in over $1.5 billion from the bet.
AP Renaissance Technologies possibly made around $1.5 billion in two weeks after buying Tesla stock . The hedge fund increased its position on 3.9 million shares, worth about $1.6 billion in the end of December. These stocks are now worth nearly $3.2 billion following Tesla’s 91% inventory rally this year. If Renaissance bought Tesla at…