Ray Dalio Sees India’s Growth Rate at 7% Over Next 10 Yrs (Fortune India)
Bridgewater Associates founder says India successfully landing Chandrayaan-3 on the moon is “another one of many straws in the wind showing its ascendence”. Billionaire investor and hedge fund manager Ray Dalio has projected India to score a growth rate of about 7% over the next 10 years. Congratulating India on the successful lunar mission, Dalio says India successfully landing its Chandrayaan-3 spacecraft on the moon is “another one of many straws in the wind showing its ascendence”.
Soros-Backed Company Boosts Stake in Polish Newspaper Publisher (Bloomberg)
A company backed by George Soros’s fund will boost its ownership of a leading Polish newspaper publisher to a controlling stake as the country heads into a parliamentary election. Amsterdam-based Pluralis BV, whose shareholders include Soros Economic Development Fund, bought an additional 20% stake in Gremi Media SA from Warsaw-listed KCI giving it 57% ownership of the company, KCI said in a regulatory filing on Friday, without revealing the price.
Scandal Has Hedge Fund Titan Crispin Odey Stepping Back From British Finance (The Messenger)
In the wake of sexual misconduct allegations, the former billionaire is fast disappearing from a scene he once epitomized. Crispin Odey is running out of things to do, and places to do them. The British hedge fund manager who was forced out of his hedge fund Odey Asset Management in the wake of multiple sexual misconduct allegations has now resigned from the board of three family office firms that manage the assets of his adult children. Meanwhile, his former firm is relocating from its famously plush Mayfair townhouse headquarters to a London co-working space, according to reports from Bloomberg.
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Ex-Alameda Engineer Shares SBF’s ‘Grand Plan’ Including ‘Building A Vaccine Factory’ And ‘Iterated Embryo Selection’ (IBTimes.com)
Sam Bankman-Fried (SBF), once regarded as the “golden boy” of crypto and co-founder of the now-bankrupt crypto empire FTX, is not solely focused on cryptocurrency or decentralization, as a former engineer of Alameda Research, the crypto hedge fund SBF also co-founded, claimed that he had a “grand plan,” including “building a vaccine factory” and creating a technology capable of “iterated embryo selection.”
AIMA welcomes SEC’s Private Fund Adviser Rule Revisions, Despite Ongoing Concerns (Hedge Week)
AIMA has broadly welcomed the revised Private Funds Adviser rules and amendments adopted by the US Securities and Exchange Commission (SEC) this week, but has expressed ongoing concerns about some of the changes in the final text. According to a statement issued by AIMA CEO Jack Inglis: “AIMA is reviewing these revisions and will seek clarification from the SEC on certain aspects”. The statement reads: “AIMA welcomes many of the Commission’s revisions of the original Private Fund Adviser Rule proposal. The February 2022 proposal contained a number of terms that would have stifled innovation, imposed disproportionate burdens on private fund market participants, and hindered the industry’s ability to deliver value to investors in a manner that balances risks and rewards in the ways investors are seeking.
