Svea Herbst-Bayliss
By Svea Herbst-Bayliss
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Fast Forward Billionaire Steven A. Cohen Bets Big on Firm That Lets Algorithm Manage Your Cash
Billionaire investor Steven A. Cohen is committing $250 million to a Boston-based investment firm that lets scientists, developers and students submit computerized investment models and then picks the most promising ones to manage the money. Quantopian, a hedge fund that makes investments with the help of algorithms submitted by thousands of would-be traders, is getting…
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Fast Forward Jewish Hedge Fund Titans Clobbered by Market Turmoil
Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America’s most prominent hedge funds. The three men were among the first to tabulate their monthly performance numbers and their losses suggest that even bigger…
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Fast Forward Hedge Fund Tycoon Bill Ackman Gives $10M to Immigrant Education Charity
(Reuters) — William Ackman is putting his money where his mouth is. Roughly two years after promising to donate his personal winnings from his controversial $1 billion bet against nutritional and weight-loss company Herbalife Ltd., the hedge fund titan is making good on the pledge with a $10 million donation to a scholarship charity, his…
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