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Pound Steadies But Hedge Fund Boss Says It Could Fall Further
Recovering slightly from this morning’s losses, the pound is 0.05 per cent up against the dollar at $1.2888. But it is still at an 11-month low. Meanwhile, British hedge fund manager Crispin Odey has warned that sterling and UK government bonds will fall further in the run-up to Brexit. Asked by Reuters whether he would bet on the pound falling further, Odey said he would continue to short sterling in the run-up to Brexit. “I’ve been short sterling because my … Full investment news article
How A Tesla Buyout Can Happen | Swfi - Sovereign Wealth Fund Institute
PayPal mafia member Elon Musk revealed via Twitter that Tesla is considering going private. This sent shockwaves in the stock market. It was also discovered that Saudi Arabia’s Public Investment Fund (PIF) had a acquired a sizable stake in Tesla in a series of open market transactions through JPMorgan. Musk did not identify the buyout […] Full investment news article
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