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Research from Preqin Shows Funds Lost $34.4 Billion in Q3

Research from Preqin shows that the hedge fund industry lost $34.4 billion in the third quarter. This was the sixth-straight quarter that outflows outpaced inflows. That said, the strong performance across hedge fund strategies have bolstered AUM by 3.5% since the start of the year. 

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Research from Preqin Shows Funds Lost $34.4 Billion in Q3
November 29, 2019

Research from Preqin shows that the hedge fund industry lost $34.4 billion in the third quarter. This was the sixth-straight quarter that outflows outpaced inflows. That said, the strong performance…

Prison For the Man Who Tried to Scam The Mooch
November 20, 2019

Premium Point Investments trader receives 40 months in prison for a mismarking scheme. Anthony Scaramucci has received justice from the firm that caused Skybridge Capital about a $79 million loss….

Icahn Capital, Berkshire Hathaway and the Battle Over Occidental  
November 18, 2019

Icahn Capital and Berkshire Hathaway were among the asset managers to release 13Fs last week. While Warren Buffett boosted his stake over Occidental Petroleum, Carl Icahn faced a setback in…

Mitsui Fudosan Scores Facebook as Tenant at Hudson Yards
November 15, 2019

Facebook is moving to Hudson Yard, the single largest private real estate project in the United States. The social media giant will lease 30 floors and three buildings in the…

Billionaires’ Wealth Falls for First Time in Three Years
November 11, 2019

The richest people in the world saw their wealth decline in 2018 for the first time in three years. According to the UBS/PwC Billionaires’ Report, the selective class of billionaires…

Does the Apple Card Like Women Less, or is it ‘black-box’ A.I.? DFS Investigating…
November 11, 2019

New York’s DFS, a financial regulator, will investigate whether the Apple Card differentiated between men and women over credit limits. Apple co-founder Steve Wozniak has accused the Apple Card of…

Blackstone Group CEO Stephen Schwarzman Expects Trade Resolution
November 7, 2019

Blackstone Group CEO Stephen Schwarzman believes that the U.S. and China will reach an agreement on trade. The private equity chief said he expects “good faith” at the start of…

Jeremy Corbyn Takes Shot at Crispin Odey
November 1, 2019

Jeremy Corbyn has launched his campaign for Prime Minister ahead of a December 12 snap election. The British Labour leader used his campaign launch to take shots at Crispin Odey….

After Bulgari And Dior, Arnault Wants to Add Jeweller Tiffany to the LVMH Luxury Crown
October 30, 2019

Tiffany & Co., the iconic US jeweler that featured in the Audrey Hepburn starrer Breakfast at Tiffany’s, has received a takeover offer from LVMH. LVMH is the owner of the…

The Cost of Fisher’s Foot-in-Mouth: $2.6 Billion
October 25, 2019

Investors in Fisher Investments are heading for the exits after Ken Fisher’s lewd comments at a conference earlier this month. The Employees Retirement System of Texas became the latest in…