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YOU WONT BELIEVE: 17 - What They Never Told You

Editorial: Cryptocurrency stars can flame out. But they can’t take their customers with them

Out of nowhere, 30-year-old Sam Bankman-Fried became a billionaire mover and shaker in the world of cryptocurrency. Careful to make friends of powerful Democrats and media columnists alike, he threw money around the halls of Congress — and everywhere else he went — while threatening to disrupt Chicago’s financial futures…

Chicago Tribune

Gautam Adani, world’s third-richest person, considering opening family office in Dubai or New York

MUMBAI: Asia’s richest person, Gautam Adani, is considering setting up a family office overseas to manage his ballooning wealth, according to people familiar with the discussions.

The Times of India

Bourse provides clarity on suspicious trades of MORE shares

Several brokers on Wednesday filed complaints with the Economic Crime Suppression Division related to the investor who bought More Return Plc (MORE) shares late last week, but defaulted on the payment, causing damage estimated at more than 4 billion baht.

Bangkok Post

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Michael Burry Doubles Down On Prison Stocks, Adds This Space Company In New Third Quarter Positions

Former hedge fund manager and investor Michael Burry made headlines earlier this year when he sold all of his positions except one

Zenger

Second GOP megadonor comes out against Trump in 2 weeks

Two of the country's largest and most influential Republican donors are looking for a next-generation candidate.

Axios

Economic crime police investigating irregular trading of MORE shares

Eleven securities firms have asked economic crime suppression police to investigate irregularities in the trading of More Return Plc (MORE) shares and take action against those involved.

Bangkok Post

What Does Prophetic Paul Tudor Jones Have To Say About Economic Future

Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession.

Zenger

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Paul Tudor Jones Correctly Predicted The 1987 Stock Market Crash: Here's What The Billionaire Hedge Fund Manager Says Is Coming Next

Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession.

Benzinga

Ray Dalio Says 'Will Play Markets Till I Die' After Giving Up Control Of World's Largest Hedge Fund

After relinquishing control of the world's largest hedge fund, Ray Dalio, the founder of

Benzinga

Is The Market Volatile? Ken Griffin's Citadel Reportedly Registered Double Digit Returns Across All 4 Funds

In a year marked by extreme volatility, all four funds of Ken Griffin’s Citadel have reportedly generated double-digit returns.

Benzinga

Ray Dalio, founder of Bridgewater Associates, steps down from leadership of world’s largest hedge fund

Ray Dalio announced Tuesday he’s ceding control of Bridgewater Associates, 47 years after he founded the hedge fund that’s become the world’s largest.

Tribune News Service

Ray Dalio transfers control of Bridgewater Associates

"I feel great about the people and 'machine' now in control," Dalio tweeted.

Axios

Tory party chair defends chancellor over champagne party with financiers

Jake Berry says event on mini-budget day, where guests allegedly told Kwasi Kwarteng to stick to his policies, was ‘not unusual’

The Guardian - UK

He Bet Against Subprime Mortgages, Now John Paulson Is Bullish On Gold Stocks: 2 Gold Mining High Yielders He Owns

A Wall Street investor, who's his claim to fame was betting against subprime mortgages by using credit default swaps, appears to be bullish on equities in the gold sector.

Benzinga

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Daily Mirror

Tory donor's firm which employed Kwasi Kwarteng rakes in millions betting against pound

Crispin Odey - who The Mirror previously revealed made £220 million overnight after the Brexit vote - has overseen a 145% rise in his company's main fund this year, as Tory fury mounts over traders "shorting" the pound

The Guardian - UK

Tory donor says bets against UK government bonds ‘gifts that keep giving’

Crispin Odey among hedge fund managers cashing in on UK markets crisis

The Guardian - UK

FCA urged to investigate whether Tory allies shorted pound on insider info

Labour’s Tulip Siddiq calls on City watchdog to determine whether hedge fund billionaires knowingly profited from Kwasi Kwarteng’s mini-budget

Evening Standard

Labour urges investigation into ‘leak’ of mini-Budget after hedge funds shorted the Pound

Calls come amid reports hedge fund bosses made ‘small fortunes’ by betting that Sterling would fall

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Benzinga

Founder Of World's Largest Hedge Fund Rails Against Fed, Predicts 20% Stock Plummet

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

StockNews.com

3 Stocks You Shouldn't Go to Meme Extremes for in 2022

Meme stocks gained massive popularity last year after their short-squeeze-driven rallies despite possessing weak fundamentals. After a pause for a few months, the meme craze has recently returned, with several struggling stocks soaring to unsustainable prices. However, amid uncertain market conditions, it could be wise to avoid fundamentally weak meme…

The Independent UK

War on Wall Street: Why billionaire Daniel Och is suing his former hedge fund for paying his own protégé too much

The New York mogul left his own hedge fund after a massive African bribery scandal. Now he’s fueding with the man he once groomed as his successor, Io Dodds reports

Tribune News Service

Editorial: Peter Thiel’s warning to GOP is a wake-up call

Peter Thiel, a GOP megadonor and technology billionaire, is a controversial figure within conservative circles. The early investor in Facebook and PayPal co-founder also was an instrumental donor to Trump-backed Senate candidates in Arizona and Ohio.

The Guardian - UK

Woodford fund investors could be in line for £306m in compensation

FCA orders fund’s administrator, Link, to ringfence sum as part of conditions related to its takeover

The Independent UK

Dubai court rejects Danish extradition request for financier

An Emirati court has ruled that a British man suspected of masterminding a $1.7 billion tax scheme cannot be extradited to Denmark to face charges

Dynamite News

Equity Outlook: Investors await August inflation data for fresh cues

Despite sharp volatility in financial markets globally this week, the Indian stocks managed to close the weekly trade with some gains. Read more on Dynamite News:

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