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Former FTX Engineering Director Agrees To Plead Guilty To US Criminal Charges
Tuesday, February 28, 2023 - 1:20pm | 288Former FTX engineering director Nishad Singh has agreed to plead guilty to criminal charges brought by U.S. prosecutors as part of an investigation into the inner circle of FTX founder Sam Bankman-Fried. Bankman-Fried was charged with fraud and conspiracy in December, with...
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Liquidators Of Bankrupt Hedge Fund Three Arrows Capital To Sell Non-Fungible Tokens To Recoup Losses
Thursday, February 23, 2023 - 2:45pm | 418The liquidators of Three Arrows Capital, a now-defunct hedge fund, have announced plans to sell some of the firm's nonfungible tokens (NFTs) as part of recovery efforts. In a notice published on Wednesday, Teneo Senior Managing Director Christopher Farmer stated "the purpose...
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Sam Bankman-Fried Pleads Not Guilty To Fraud, Money Laundering; Judge Sets This Trial Target Date
Tuesday, January 3, 2023 - 4:26pm | 498Former FTX CEO Sam Bankman-Fried has pleaded not guilty to eight charges in a New York federal court, related to the collapse of his exchange and hedge fund Alameda Research, CNBC reported. The charges include conspiracy to commit wire fraud and securities fraud, individual charges of securities...
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Crypto Hedge Fund Galois Capital Says Half Of Its Capital Stuck On FTX Exchange
Saturday, November 12, 2022 - 10:54am | 496The distressed cryptocurrency exchange FTX and its affiliated companies filed for Chapter 11 bankruptcy on Friday in a federal court in Delaware. FTX said bankruptcy proceedings were initiated to “begin an orderly process to review and monetize assets for the benefit of global stakeholders....
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Automation: Manage Hedge Fund Effortlessly and Stay ahead of the Markets
Saturday, September 11, 2021 - 2:46pm | 641As the world of business continues to change, pressures from investors continue to influence industry trends. As a result of increased fees and lower margins, improving operational efficiencies becomes even more necessary. Does this have anything to do with hedge fund management and automation?...
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A Hedge Fund Renaissance Is Coming: Here's Why
Wednesday, August 11, 2021 - 7:58pm | 1040By Jon Caplis, founder and CEO, PivotalPath Several important quantitative and qualitative indicators point to a very positive decade ahead for the hedge fund industry Many believe the golden age of hedge funds has passed. When you look at their overall performance on a simple return basis from...
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Dave Portnoy And Steve Cohen Get Snippy Over Thursday's Trading Halts
Thursday, January 28, 2021 - 6:12pm | 592Barstool Sports Founder Dave Portnoy and hedge fund manager Steve Cohen on Thursday argued via Twitter (NYSE: TWTR) over the battle between retail traders and hedge funds. What Happened: Portnoy has spent the past few days defending the retail traders who helped send shares of stocks...
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Fintech Focus For December 10, 2020
Wednesday, December 9, 2020 - 5:44pm | 1806Quote To Start The Day: Two armies that fight each other is like one large army that commits suicide. Source: Henri Barbusse One Big Thing In Fintech: Stock trading app Robinhood Markets Inc has picked Goldman Sachs to lead preparations for an initial public offering (IPO) which could come next...
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Ray Dalio Reveals How He Made Bank On A 'Lucky' Trade At Age 12
Tuesday, June 5, 2018 - 12:14pm | 380Sometimes the best stock tips comes from unexpected sources at unexpected times and still require a good amount of luck. Just ask multibillionaire hedge fund manager Ray Dalio. What Happened Dalio, co-founder of Bridgewater and author of "Principles," explained to the Reddit community...
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Ray Dalio To The Reddit Community: 'Think For Yourself'
Monday, June 4, 2018 - 2:06pm | 515Notable hedge fund manager Ray Dalio of Bridgewater Associates, the author of The New York Times bestseller "Principles," graced the Reddit community with his wisdom, life lessons and investment advice. Dalio's Advice: 'Dive Into The Markets' During a recent Reddit AMA (ask-...
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How One Cryptocurrency Hedge Fund Manager Posted 83% Gains
Friday, February 2, 2018 - 8:21am | 1039For Usman Majeed, cryptocurrency’s been the name of the game since 2011. Then a computer science undergraduate at Michigan State University, Majeed developed an affinity for blockchain technology. Now, seven years later, he’s the managing director of Mutual Coin Fund, a cryptocurrency...
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Peltz's Activist Campaign Nears A Vote And Looking Favorable
Monday, October 9, 2017 - 9:52am | 430Activist investor Nelson Peltz's campaign against Procter & Gamble Co (NYSE: PG) will soon be decided by shareholders. Peltz made the case as to why he deserves a seat at P&G's board and the company responded with an opinion that the billionaire investor has nothing new or unique to bring...
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How People Choose Hedge Funds: The Importance Of Branding
Friday, April 21, 2017 - 8:41am | 1216Choosing hedge funds can appear to be a complicated process, one riddled with different elements that weigh unequally upon the individual's wants. Do people pick them based on returns? How important is the fund manager? What role does the investor want to play? How active of a role? Do they go for...
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Don Steinbrugge Explains Reinsurance: A Strategy That Helps Hedge Funds Remain Safe From Market Volatility
Friday, March 10, 2017 - 1:12pm | 1466Back in January, Benzinga published a series of articles where Don Steinbrugge, one of the top experts in the hedge fund industry, shared a preview of the top trends he expects to see among hedge funds in 2017. The specialist talked about the evolution in fees, the impact of the Trump...
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How Hedge Funds Select Their Managers
Thursday, February 9, 2017 - 11:43am | 467There are about 15,000 hedge funds out there, and both their fees and returns are very varied. But, what determines those factors? One of the most important elements in a hedge fund’s success is the manager. However, most people know only a few names in the space: Warren Buffett, Jim Simons,...