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More than 10 percent of $3.7 billion raised in ICOs has been stolen: Ernst & Young

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More than 10 percent of funds raised through "initial coin offerings" are lost or stolen in hacker attacks, according to new research by Ernst & Young that delves into the risks...

Jan 22

Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund

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William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years...

Jan 22

New Ocado ecommerce deal turns screw on bearish hedge funds

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Hedge funds which have bet on a fall in the share price of Ocado will have taken a hit after the online retailer unveiled a new international technology deal which sent its stock...

Jan 22

Hedge fund Third Point pushes Nestle to do more faster: letter

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Billionaire investor Daniel Loeb praised food group Nestle's chief, but is keeping up the pressure with demands that the company move faster to overhaul its strategy.

Jan 22

Stock-focused hedge funds post biggest gains among top performers

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Hedge funds managers who bet on stocks scored some of the industry's biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new...

Jan 21

U.S. hedge fund Tiger Global has invested more than $1 billion in Barclays: FT

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U.S. hedge fund Tiger Global Management has invested more than $1 billion in Britain's Barclays Plc, the Financial Times reported on Sunday.

Jan 21

Morgan Stanley raises targets, but Wall Street wants more

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Morgan Stanley raised key profitability and efficiency targets on Thursday, but those loftier goals failed to impress Wall Street analysts, who repeatedly asked Chief Executive Officer...

Jan 18

Exclusive: Blackstone's Hill hands hedge fund reins to McCormick

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After nearly two decades of growing Blackstone Group into the world's biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

Jan 18

Thadaney to leave Toronto Stock Exchange owner TMX Group

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TMX Group's head of equity capital markets, Nicholas Thadaney, is leaving Canada's biggest stock exchange operator after a reorganization of the company, Chief Executive Officer Lou...

Jan 18

Families can pool resources for disabled in ABLE accounts

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TJ Rodriguez is 36 and cannot walk without a walker, but horse riding helps him build his strength.

Jan 18