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Hedge funds are reportedly shorting the dollar as fears rise over its status as the world's number one currency
Hedge funds are net short against the dollar for the first since May 2018 amid extreme...Hedge funds are net short against the dollar for the first since May 2018 amid extreme weakness, Bloomberg reported Monday. The greenback has fallen about 6% against the euro alone since the start of the year. Big government and central bank spending has pushed interest rates down and weakened the dollar. Visit Business Insider's homepage for more stories. Hedge funds are shorting the dollar...
Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that the coronavirus would tank the market
The hedge-fund billionaire Bill Ackman turned a $27 million position into a $2.6 billion windfall as...The hedge-fund billionaire Bill Ackman turned a $27 million position into a $2.6 billion windfall as the coronavirus outbreak dragged stocks to multiyear lows and threatened deep economic recession. Pershing Square Capital Management turned to credit protection on investment-grade and high-yield bond indexes to bet on an increased risk of corporate default. The multibillion-dollar profit offset losses elsewhere in Ackman's portfolio and drove a...
The founder of a macro hedge fund that's up 14% tells investors how his childhood living through the Lebanese civil war helped him prep for market turmoil
Massar Capital, a $233 million hedge fund founded by Marwan Younes, finished Monday up more than...Massar Capital, a $233 million hedge fund founded by Marwan Younes, finished Monday up more than 14% for the year. Massar makes global commodities and macro bets, according to its website. Younes said the firm has been able to thrive in the chaotic markets caused by the novel coronavirus because of his background: He grew up in Beirut during the Lebanese civil war of the...