Wall Street heavyweights Bill Ackman and Larry Fink see inflation remaining higher and expect US Treasury yields to soon hit 5%. Ackman, who is the CEO of Pershing Square Capital, said at CNBC's Delivering Alpha 2023 conference on Thursday that inflation will be persistently higher, while noting that US yields in the 4% range are still low on a historical basis. "I would not be shocked to see 30-year rates well through the 5[%] barrier, and you could see the 10-year approach 5," he said. "And that could happen in the very short-term. Like literally weeks."
(marketscreener.com) STORY: The move will test McCarthy's narrow 221-212 majority.https://www.marketscreener.com/news/latest/McCarthy-scoffs-at-possible-leadership-challenge--44959473/?utm_medium=RSS&utm_content=20230930. : The maneuver will require Democratic votes, a fact that will also anger some party hardliners who had wanted to pass a bill without Democratic support. BEIJING (Reuters) - Shanghai Minghong Investment Management Co, one of China's largest quantitative hedge funds, has been banned from registering new products for three months due to "inappropriate" staff behaviour, the Asset Management Association of China said. Cummins India Limited Announces Resignation of Mr. Steven Chapman as Chairman of the Board and Non-Executive Non-Independent Director.
Billionaire hedge fund manager and owner of the Carolina Panthers of the NFL, David Tepper, told CNBC how he currently sees the stock market. “It’s not that complicated right now,” he told CNBC’s Scott Wapner on Friday. “You're just not in QE (quantitative easing) times anymore. You're in the QT (quantitative tightening) era. It's a higher rate environment. can't be the same multiples as before. It's not bad. It's just a different environment.” Tepper also said he did not sell anything in his portfolio, but he made a new investment: 6% interest on a certificate of deposit for six months.
BEIJING : Shanghai Minghong Investment Management Co, one of China's largest quantitative hedge funds, has been banned from registering new products for three months due to "inappropriate" staff behaviour, the Asset Management Association of China said. Shanghai Minghong failed to conduct effective internal control over issues such as employees' "inappropriate comments" about the company's peers on social media and failed to promptly urge them to make rectifications, the association said in a statement dated Sept. 29.
(marketscreener.com) Shanghai Minghong Investment Management Co, one of China's largest quantitative hedge funds, has been banned from registering new products for three months due to "inappropriate" staff behaviour, the Asset Management Association of China said. https://www.marketscreener.com/news/latest/Chinese-hedge-fund-punished-for-inappropriate-staff-behaviour-AMAC--44959058/?utm_medium=RSS&utm_content=20230930.
Bill Ackman's Big Alphabet Bet Echoes Warren Buffett's Strategy - Netflix (nasdaq:nflx), Alphabet (nasdaq:goog), Alphabet (nasdaq:googl)
Billionaire investor Bill Ackman has acquired a significant stake in Alphabet, drawing parallels to Warren Buffett's investment philosophy. read more. : Billionaire investor Bill Ackman has acquired a significant stake in Alphabet Inc. GOOG GOOGL, drawing parallels to Warren Buffett‘s investment philosophy. What Happened: Ackman’s investment approach aligns with Buffett’s iconic strategy of seizing opportunities when others are fearful and investing in companies with enduring competitive advantages. He capitalized on doubts about Alphabet’s artificial intelligence capabilities, using this skepticism as an opportunity to acquire shares at an attractive price.
(Reuters) - Ray Dalio believes the United States is going to have a debt crisis and is closely watching the "risky" fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire investor. "How fast it transpires, I think, is going to be a function of that supply-demand issue, so I'm watching that very closely," said Dalio, founder of hedge fund Bridgewater Associates, in the interview. The country's debt has been under the spotlight in recent months after political brinkmanship around the debt limit earlier this year brought the U.S. close to a default.
Su Zhu was detained while trying to leave the country and jailed for four months. : Representations of cryptocurrency Bitcoin are seen in this illustration taken Jun 16, 2023. (Photo: Reuters/Dado Ruvic) SINGAPORE: One of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital has been apprehended in Singapore and jailed for four months, according to the company's liquidator. The Singapore-based company filed for bankruptcy last year when its fortunes suffered a sharp decline after a massive sell-off of assets it had bet on as prices nosedived in crypto markets.
Illustration by Alex Castro / The Verge Su Zhu, the co-founder of the collapsed crypto hedge fund Three Arrows Capital (3AC), was arrested in Singapore on Friday. Zhu was taken into custody while attempting to leave the country from Singapore’s Changi Airport, as reported earlier by Bloomberg. Teneo, the liquidation firm in charge of liquidating 3AC’s assets, says it received a committal order against Zhu after he failed to comply with a court order that compelled him to cooperate with the liquidation process. That committal order directs Singaporean police to arrest Zhu and hold him in prison for four months.