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fortune.com September 23, 2022

Billionaire Investor Bill Ackman Has The Cure To Tame High Inflation: A Massive Wave Of Russian Immigration

"Doesn't it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?" billionaire Bill Ackman said on Thursday.
Read by 54% of LPs

thestreet.com September 23, 2022

Hedge Funder Ackman Has An Unusual Idea To Cut Inflation

Click to view a price quote on BA. : The Fed has raised interest rates by 3 percentage points since March to fight the 8.3% surge in consumer prices for the 12 months through August. But hedge-fund star Bill Ackman, chief executive of Pershing Square Capital Management, has another idea. "Why don't we reduce the Federal Reserve's need to raise rates by expanding immigration now?" he wrote on Twitter. "Doesn't it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?," Ackman tweeted.
Read by 62% of LPs

cnbc.com September 23, 2022

Hedge Funds Ramp Up Market Bets As Volatility Brings The Asset Class Back Into Favor

Hedge funds' total gross trading flow had the largest notional increase since 2017 last week heading into the Fed's rate decision, according to Goldman's data.
Read by 77% of LPs

finance.yahoo.com September 23, 2022

'you Fight Inflation With Economic Pain': Billionaire Ray Dalio Just Issued Dire Warning To Investors -- This Is What He Holds To Prepare For The Tough Times Ahead

In August, consumer prices in the U.S. rose 8.3% over the past year, down from June's 9.1% peak but still worryingly high. And that does not bode well for investors according to Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates. "When one makes an investment, one puts a lump sum payment for future cash flows.
Read by 79% of LPs

fa-mag.com September 23, 2022

Bill Ackman Touts Immigration Over Rate Hikes In Inflation Fight

Pershing Square Capital CEO Bill Ackman said that increasing immigration may be a more effective tool to tamp down inflation than the Federal Reserve raising interest rates and "destroying demand." Ackman -- with a net worth of about $2.5 billion, according to the Bloomberg Billionaires Index -- made the comments on Twitter after Fed Chairman Jerome Powell earlier this week raised rates by 75 basis points for a third straight time and said there wasn't a painless way to get inflation "behind us." Inflation can be mitigated by reducing demand and/or by increasing supply.
Read by 34% of LPs

seekingalpha.com September 23, 2022

Elliott's Double Dip Spares Citrix Banks' Blushes

Paul Singer has landed in a once-in-a-cycle opportunity. When his hedge fund, Elliott Management, and private equity firm Vista Equity Partners agreed to acquire technology company Citrix Systems (CTXS) for $16.5 billion in January, leverage came easily and cheaply. Market conditions then turned, leaving the debt backing the Citrix deal languishing on banks' balance sheets. Now, Elliott has bought a chunk of that debt at a knock-down price, potentially benefiting from the banks' pain twice over.
Read by 52% of LPs

banklesstimes.com September 22, 2022

Individual Crypto Hedge Funds Have Spiked By An Average Of 150%

While hundreds of cryptocurrencies are out there, it is difficult to track them all. As digital assets continue to grow in popularity, so do the number of investment vehicles associated with them. Crypto hedge funds are one such vehicle gaining traction within the industry. A crypto hedge fund is a type of hedge fund that invests in digital assets like Bitcoin, Ethereum, Litecoin, and others. Other crypto hedge funds combine crypto investments with more conventional asset classes. Data from BanklessTimes.com indicates that individual crypto hedge funds have increased by an average of 150% this year.
Read by 52% of LPs

bollyinside.com September 22, 2022

Hedge Funds In Asia Prepare For The End Of The Weakness Of The Yen - Today News

Read by 49% of LPs

wealthmanagement.com September 21, 2022

Citadel's Griffin Brings Billions To Miami

The Citadel founder worth $29.6 billion has ditched Chicago for Wall Street South. Not everyone in Miami is so welcoming.
Read by 67% of LPs