Top hedge fund boosted GameStop, AMC stakes before ‘Roaring Kitty’ meme stock rally: filing
One of the world’s largest hedge funds bought a significant stake in GameStop just weeks before the stock price soared 400% in the latest “meme stock” rally, a regulatory filing revealed on Wednesday. This was revealed in the documents. Renaissance Technologies, a quantitative firm founded by legendary investor Jim Simmons, who passed away last week, […]
Archegos’ Bill Hwang lied to become Wall Street legend, causing $36B fund to collapse: prosecutors
Hwang Sung-kook “Bill” Hwang tried to defraud all of Wall Street, federal prosecutors told a federal jury in Manhattan after the 2021 collapse of Hwang’s $36 billion fund, Archegos Capital Management. The trial on charges stemming from the incident began on Monday. Prosecutors allege that Mr. Hwang and Mr. Archegos lied to Wall Street banks […]
Time to buy Nvidia NVDA stock? Fund managers weigh in – CNBC
Chipmaker Nvidia has been dominating the headlines over the past year, especially since its stock price rose an astronomical 240% in 2023. His popularity shows little sign of slowing, and while the stock was flat last week, he’s still up nearly 80% on 2023. year to date. Most analysts remain bullish on Nvidia, according to […]
Judge facing heat for releasing alleged DC teen shooter donated to Soros fund, posted about being ‘woke’
First appearance on Fox: The Washington, D.C., judge who granted bail for a teenager accused of firing more than 20 shots into a car full of people on a busy street has a social media presence filled with progressive activism. He has financial ties to progressive mega-donor George Soros. District of Columbia Superior Court Magistrate […]
Jim Simons, billionaire hedge fund manager, philanthropist, dies at 86
Jim Simmons, a mathematics professor who became one of the most successful hedge fund managers in history, died Friday at the age of 86, according to his foundation. Simmons, a prolific philanthropist who donated more than $1 billion to Stony Brook University, died Friday in New York City, the Simmons Foundation announced on its website. […]
Ohio AG investigating alleged 'hostile takeover' inside teacher's pension fund – News 5 Cleveland WEWS
COLUMBUS, Ohio — Ohio Attorney General Dave Yost has launched an investigation into teachers’ pension funds following allegations that a “hostile takeover” has put educators’ funds at risk. The Ohio State Teachers Retirement System (STRS) is a $90 billion pension fund that has been embroiled in controversy for years. reformers Educators have had a tough […]
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
It goes without saying that social security has improved compared to last year. (iStock) Social Security benefits are still predicted to start running out; recent reports A report released by the Treasury says there may not be a need to cut benefits until 2035, a year later than previously expected. Trustees say the Social Security […]
Tiger Woods takes demigod role in PGA Tour negotiations with Saudi Public Investment Fund
Tiger Woods played a powerful role as the PGA Tour seeks an agreement with the Saudi Public Investment Fund (PIF), the beneficiary of LIV Golf. Woods would do that. Join a subcommittee of 5 membersDoug Ferguson said the only player in the delegation will be the primary driver of negotiations. Associated Press. PGA Tour Commissioner […]
BLM Global Network sues group helping fund college protests
A progressive nonprofit that has provided cash to anti-Israel protesters is being sued by the Black Lives Matter Global Network Foundation for fraud and withholding more than $33 million in donations, bombshell lawsuit says. claims. A 285-page lawsuit filed in California Superior Court in Los Angeles says the Tides Foundation, which has managed hundreds of […]
Matthew Colangelo’s Wife Sits on NAACP Legal Defense Fund Board with Jonathan Soros
Manhattan Prosecutor Matthew Colangelo His wife, Ann Small, serves on the board of the National Association for the Advancement of Colored People (NAACP) Legal Defense Fund. Jonathan Soros, according to the NAACP website. Small’s relationship with Jonathan Soros, a radical left donor to President Joe Biden, is another example of the political nature of former […]