Billionaire Investor Leon Cooperman Warns Bitcoin Buyers, Rings the Inflation Alarm, and Rules Out an Imminent Market Crash in a New Interview. Here are the 14 Best Quotes. (Business Insider)
Billionaire investor Leon Cooperman ruled out an imminent market crash, blasted the Federal Reserve for overstimulating the economy, and warned against holding bitcoin in a CNBC interview this week. Cooperman, who converted his Omega Advisors hedge fund into a family office in 2018, also rang the inflation alarm, questioned the hype around meme stocks, and bemoaned the tiny yields from bonds and saving accounts.
Ron DeSantis’ Biggest Backer Ken Griffin Spends Big on Politics (Florida Politics)
Ken Griffin has contributed more than $100 million to Republicans. Chicago-based hedge fund billionaire Kenneth C. Griffin has long been a huge contributor to Republicans, and he stands this year as the biggest donor to Florida’s 2022 gubernatorial election. In April, Griffin contributed $5 million to the Friends of Ron DeSantis committee, fueling DeSantis’ reelection effort thus far. Griffin’s gubernatorial race donation stands as Gov. Ron DeSantis‘ largest donation from an individual, political action committee, or business.
AMC Leisure (NYSE: AMC) Brief-Vendor Odey Asset Administration Hedge Fund Has Suffered a Large Loss Over the Previous Month (Game Polar)
AMC Leisure (NYSE:AMC), the erstwhile distressed movie show chain that has seen a dramatic reversal in fortunes amid a mind-boggling retail-driven inventory worth rally, continues to inflict crippling injury on its detractors. In opposition to this backdrop, the hedge fund Odey Asset Administration has emerged as one of the distinguished casualties in latest occasions as AMC Leisure shares preserve their inexorable upward trajectory.
Hedge Fund Caledonia Falls 9% This Year as Stock Picks Sour (Bloomberg)
Australian hedge fund Caledonia has lost more than 9% since the start of January, according to people familiar with its performance, lagging stock-picking peers who have posted strong returns this year. The $10 billion fund, known for its concentrated equity bets, has been weighed down by several of its core positions. Online real estate company Zillow Group Inc. lost almost 30% through August, while Flutter Entertainment Plc fell about 7% and Just Eat Takeaway.com NV declined 17%.
Crypto Hedge Fund Nickel Digital’s Assets Soar Amid Bitcoin Volatility (Hedge Week)
London-based crypto hedge fund Nickel Digital Asset Management has seen its assets soar some 260 per cent this year, as its range of cryptocurrency-focused strategies have generated gains throughout the sector’s rollercoaster ride. The surge, which has brought the firm’s total AUM to more than USD250 million, has been fuelled by consistent positive returns across its four fund strategies, along with prudent risk management and a high-quality institutional team and business setup, the firm said this week.