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Hedge fund managers made a killing in 2019, only to get put through the wringer when the coronavirus hit. Institutional Investor revealed its closely watched “rich list” of hedge fund titans this week based on 2019 returns. Topping the list were many of the usual suspects, including mathematician-turned-quant trader Jim Simons, who earned an estimated …
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When billionaire Bill Ackman went on television last week to tearfully warn that “hell is coming” and beg the White House to shut down the country for 30 days, he was knee deep in a bet against the markets that netted him $2.6 billion. In a Wednesday note to investors of his Pershing Square fund, …
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Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person familiar with the situation. The fund, which practices a so-called multi-strategy array of bets on stocks, …
Hedge fund managers made a killing in 2019, only to get put through the wringer when the coronavirus hit. Institutional Investor revealed its closely watched “rich list” of hedge fund titans this week based on 2019 returns. Topping the list were many of the usual suspects, including mathematician-turned-quant trader Jim Simons, who earned an estimated …
