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Ebullio Capital, Which Lost 96% In 2 Months, To Shut Doors
Ebullio Capital Management, which lost 96% in two months about six years ago, is said to be closing down after failing to meet capital adequacy and compliance requirements. Citing a tough capital raising environment, Ebullio Founder and Managing Partner Lars Steffensen said, “It’s just not fun being a hedge fund manager any more.” The Financial Conduct Authority (FCA) regulated-hedge fund will be relying on its physical assets to reimburse investors. Ebullio shot into the headlines in March 2010 after posting back-to-back 70% and 86% … Full investment news article
Billionaire Ray Dalio Had An Amazing Reaction To An Employee Calling Him Out On A Mistake
Larry Busacca/GettyIn 2010, a company's returns exceeded the combined profits of Google, eBay, Yahoo, and Amazon. It wasn't a tech giant; it was Bridgewater, a hedge fund that has been recognized for making more money for clients than any hedge fund in the history of the industry. Bridgewater anticipated the financial crisis, warning clients in 2007 about the impending crash. Full investment news article