Patreon Inc., an online platform that connects musicians and other creators with fans, was valued at $ 4 billion in its latest investment round, more than triple its value since September, as …
Read More »Morgan Stanley sold part of Archegos Holdings before most of its rivals
Photographer: Michael Nagle / Bloomberg Photographer: Michael Nagle / Bloomberg Morgan Stanley sold $ 5 billion in shares owned by Archegos Capital Management a day before a flurry of block deals sent …
Read More »Goldman Axes Call Short Dollar Call as US yields spoil the bet
Photographer: Michael Nagle / Bloomberg Photographer: Michael Nagle / Bloomberg Almost six months after Goldman Sachs Group Inc. recommended shorten the dollar, is to end the trade. In a note titled “Tactical …
Read More »GameStop’s 53% rise fueled by a 3-to-1 buy / sell ratio as the multitude of ‘meme’ stocks got emboldened
Call it the revenge of meme actions. After taking a beating during the first three days of the week, GameStop Corp. GME shares, + 52.69% skyrocketed Thursday, aided by retailers who remain …
Read More »Bill Ackman donates his Coupang stake of over $ 1 billion to charity
Bill Ackman, Founder and CEO of Pershing Square Capital Management. Cameron Costa | CNBC Billionaire investor Bill Ackman said Monday that he donated his entire stake in Coupang, worth more than $ …
Read More »Blackstone’s hedge fund business to launch growth strategy
The world’s largest hedge fund investor has hired former hedge fund manager Scott Bommer to launch a new growth strategy, a move aimed at expanding Blackstone BX. -1.18% Group Inc.’s hedge fund …
Read More »Oil Prices Fall As Traders Make Profits
Speculators have been selling oil for the past two weeks as prices continue to climb and appetite for profit-taking increases. No one knows how long it will last, but it could intensify …
Read More »A $ 21 Trillion Treasury Mystery Is Haunting Global Markets
Do you want to know what moves the Asian markets in your inbox every morning? Sign up here. Bond traders have been saying years of liquidity in the world’s largest bond market, …
Read More »Hedge Fund Chief Thomas Sandell Settles New York Tax Fraud Lawsuit
Hedge fund founder Thomas Sandell paid a whopping $ 105 million Tuesday to settle claims that he fraudulently evaded New York City and state taxes of more than $ 450 million for …
Read More »Geode, Fidelity’s index fund manager, closes hedge fund business after derivatives bets are implored
Huge losses in derivatives trading at Geode Capital Management have forced the giant investment firm to shut down its hedge fund business. Geode manages all of Fidelity Investments’ stock index funds, and …
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