Tag: Hedge Funds
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Crypto bulls are thrilled by court ruling that XRP isn’t always a security
[ad_1] Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Crypto bulls are excited that a federal judge on Thursday ruled XRP, a token associated with Ripple Labs, isn’t a security when sold to the public in a programmatic on digital-asset exchanges. XRP rallied almost 70% Thursday to around $0.78, representing…
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Bank of England warns of risks from big hedge-fund bets against Treasury bonds
[ad_1] Big bets by hedge funds against Treasury securities pose a risk to the global financial system, the Bank of England has warned. In its latest financial stability report, published Wednesday, the U.K. central bank noted that short positions in Treasury futures have increased notably of late and are now at levels not seen since…
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Why Bill Ackman’s Pershing Square spent $1 billion on Alphabet stock
[ad_1] “‘Google’s current valuation represents a fantastic opportunity to own one of the most advantaged scale players in AI with an unmatched business model and a very long runway for growth.’” — Pershing Square investment analyst Bharath Alamanda A selloff in Alphabet Inc. shares, fueled by artificial-intelligence fears earlier this year, offered Bill Ackman’s Pershing…
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Ex-Bridgewater exec Bob Elliott’s Unlimited raises venture capital to help launch ETFs replicating hedge-fund, private-equity strategies
[ad_1] Unlimited Funds, an investment firm co-founded last year by former Bridgewater Associates executive Bob Elliott, has raised fresh capital to expand its offering of exchange-traded funds and market insights. Venture-capital firm FirstMark and Citi Ventures led $8 million of funding for Unlimited, providing equity under a so-called Series A round of financing that includes…
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FTX sues Sam Bankman-Fried, seeking to claw back $240 million from Embed deal
[ad_1] Failed crypto exchange FTX is suing co-founder and former Chief Executive Sam Bankman-Fried and others, seeking to claw back about $240 million related to the company’s acquisition of stock-trading platform Embed. In a filing Wednesday in U.S. Bankruptcy Court in Delaware, FTX claimed Bankman-Fried and others — including FTX co-founders Zixiao Wang and Nishad…
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‘We are running out of time to fix this problem’ — Bill Ackman’s latest warning on regional banks
[ad_1] That was hedge fund billionaire Bill Ackman back with his two cents on the regional banking system following the collapse of First Republic Bank and subsequent takeover by JPMorgan & Chase Co JPM earlier in the week. On Wednesday night, fellow regional lender PacWest Bancorp’s shares PACW plummeted after a report it was considering…
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‘I don’t understand why people are more inclined to go to bitcoin than gold’, says hedge fund billionaire Ray Dalio
[ad_1] Ray Dalio, billionaire and founder of Bridgewater Associates, holds a “little bit” of bitcoin BTCUSD, but “doesn’t understand why people are more inclined to go to bitcoin than gold,” he said in a new podcast interview with YouTuber Chris Williamson. MarketWatch has reported in the past that Dalio holds bitcoin. “Cryptocurrency or Bitcoin doesn’t…