Bill Ackman backs fellow hedge fund billionaire Whitney Tilson for NYC mayor
Billionaire investor Bill Ackman is flexing his political muscle again, this time by publicly promoting former hedge fund manager Whitney Tilson's candidacy for New York mayor. That's because “we don't want New York City to become San Francisco or, God forbid, Los Angeles.” Tilson, who founded Kase Capital Management in 1999 and was one of […]
Kathy Hochul proposes new rules to curb NY home purchases by hedge funds, buyout firms
New York Gov. Cathy Hochul wants to make it harder for private equity firms and hedge funds to buy up residential real estate in the Empire State. Hochul on Thursday proposed several measures in the national budget that would prevent institutional investors from bidding on homes for the first 75 days after they are listed […]
Hedge funds score double-digit returns as ‘Trump Trade’ helps cap strong year
Many of the world's biggest hedge funds posted comfortable double-digit returns in 2024, benefiting from turbulent markets, central bank policy changes and a close presidential election campaign. Big winners include Dan Loeb's New York-based Third Point, which returned 28.7%, and Mets owner Steve Cohen's Point72, which returned 19%, according to the paper. , including a […]
Dogecoin Price Prediction: Can DOGE Touch $1 Before January? Analysts Hedge Their Bets As This Cheap $0.02 Altcoin Is Expected To Rally 70,000% – Bitcoinist
The countdown to January has begun, but one question remains. Can the price of Dogecoin rise to $1? Even though DOGE recently rose to $0.40, the price remains fell It has gained 7.3% in the past seven days, leaving crypto analysts and DOGE holders worried that it will rise again. Meanwhile, analysts are keeping an […]
Trump to name hedge fund manager Scott Bessent to head Treasury Department
President-elect Donald Trump reportedly plans to nominate hedge fund manager Scott Bessent to head the Treasury Department. numerous sauce. Bessent, 62, founded the macro fund Key Square Group in 2015 and is openly gay. “I was totally rooting for President Trump. I was one of the few people on Wall Street who supported him.” President […]
Citadel founder Ken Griffin says he’s open to selling stake in hedge fund
Citadel founder Ken Griffin said Thursday that he is open to selling a small stake in the hedge fund at some point in the future. At an event hosted by the New York Economic Club, Griffin said a deal that would sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm […]
Bitcoin ETF options begin trading, ushering in a new way for investors to hedge their bitcoin exposure – CNBC
Jonathan Ra | Null Photo | Getty Images Options on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq on Tuesday, providing a new way to trade and speculate on Bitcoin prices. IBIT traded 73,000 options contracts in the first 60 minutes of trading on Tuesday, putting the fund among the top […]
Hedge funds bet on Tesla, banks and other ‘Trump trades’ in Q3
Hedge funds piled up bets on financial stocks, Tesla stocks and prison operators in the third quarter ahead of rallies tied to Donald Trump's victory in the U.S. presidential election, according to filings. Many of the bets came to be known as the Trump trade, a corner of the market that sometimes hinged on the […]
How Scott Bessent Fought The Left While Working in George Soros’s Hedge Fund
Scott Bessent may be a new name to many Republicans, but he's also pushing back against a far-left political agenda from inside George Soros' hedge fund, which some conservatives would consider the belly of the beast. We have a track record of doing so. Bessent is currently one of President Donald Trump's top candidates for […]
Hedge funds shorting Tesla lost more than $5B after Trump win: report
Hedge funds that bet on Elon Musk's Tesla lost billions of dollars after Donald Trump won the White House last week, according to a report. Investment firms that held short positions in the electric car maker's stock between Election Day and Friday's close took a theoretical hit of at least $5.2 billion. According to Bloomberg […]