Bitcoin has rallied $1,000 in the last 24 hours after payments platform PayPal (PYPL) announced that it would begin accepting payments in digital currency. PayPal has over 26 million merchant accounts and 345 million users on its platform that will soon be able to buy, hold, and sell Bitcoin. The announcement also stated that Ethereum,…
Tag: hedge fund
Lessons For Forever – Jim Rogers
One of the most dangerous things you can do as an investor is to make money – because of what you might do next. And… has the world’s debt been put to good use? It doesn’t seem that way. Those are a few of the messages of legendary investor (and fellow Singapore resident) Jim Rogers,…
How Big is the Hedge Fund Industry?
There is nothing that definitively marks hedge fund managers apart from other investment managers, however. Instead, all asset management firms sit on a spectrum, whether in terms of fees charged, strategies employed, or the types of vehicles offered to investors. The idea that hedge funds represent a clear, separate grouping has never been more dubious….
Bruce Berkowitz Liquidates Hedge Fund
Investor Bruce Berkowitz is shutting his hedge fund and distributing its holdings to investors, including a stake in Sears Holdings Corp. Berkowitz’s Fairholme Capital Management reported the fund’s unwinding, without naming it, in a U.S. Securities and Exchange Commission filing on Oct. 13. The fund is Fairholme Partnership, which Berkowitz created roughly five years ago,…
Hedge Fund Titan Bill Ackman’s Surefire Bet Turns Into a $4 Billion Loss
A little over two years ago, William A. Ackman, one of Wall Street’s brashest and most self-assured hedge fund managers, was on top of the world. A billionaire before he hit 50, he was generating double-digit gains for his investors and raking in hundreds of millions in fees for his firm and himself. Hailed as…
Alternate Investments 