Fund

Biotech Bloodbath: Hedge Fund Hotel Sarepta Collapses After Study Disappoints

Not every stocks grows to the sky like Tesla (which just hit $835 after hours)… In 2016, Sarepta Therapeutics suffered a catastrophic 50%-plus plunge after the FDA voted that SRPT’s muscular dystrophy drug was not effective… What happened next? Well it exploded higher of course… And now, in 2021, the hedge-fund-hotel has done it again,…

Brevan Howard's Main Macro Fund Rose A Record 27.4% In 2020

In keeping with the rich getting richer narrative that has washed over the street for most of 2020 (all it took was unlimited QE, who would have thought?), Brevan Howard is the latest fund to report a record year despite a global pandemic and the ensuing recession. The firm’s main fund had its best year…

Head Of World’s Largest Sovereign Wealth Fund Forced Out Because His Wife Is Chinese

The deputy governor of the Norwegian central bank, Jon Nicolaisen, announced on Friday he was resigning because his application for renewed security clearance had been rejected because he has a Chinese wife. “The Norwegian Civil Security Clearance Authority informs me that the reason that I will not receive a renewed security clearance is that my…

“I Want To Build A World Where Someone Like Me Is Impossible” – Meet The Trust Fund Brats Trying To Destroy Capitalism

Roughly 18 months have passed since New York Magazine published a cover story declaring that, in the age of President Trump, all the new “it” kids in Brooklyn (we use the term “kids” loosely; most are well into their 30s) are avowed socialists. As the reporter explains, the new generation of Brooklyn cool kids have…

Thousands of Inmates Scammed Unemployment Fund For Millions

By Mark Horowitz Tens of thousands of inmates in the state of California, even serial killers, and high-profile murderers like Scott Peterson, were able to defraud the government of roughly a billion dollars through pandemic unemployment benefits. In court on Tuesday, prosecutors said that this was possibly the largest fraud scheme in California history. “The…

As Oil Soars, Former NHL Player Turned Hedge Fund Manager Says “Inevitable” It Will Go Higher

If you’re bullish on oil, we’ve got good news and bad news. The good news is that one hedge fund manager is finally taking an outsized bet on oil and is making headlines. The bad news is that the “hedge fund manager” isn’t exactly Sam Zell or Steve Cohen, but rather a former professional hockey player.  Regardless,…