Millennium Bets $320 Million Against Carlos Slim (Bloomberg)
Millennium Management is shorting the stock of America Movil SAB, the telecommunications giant controlled by Mexican billionaire Carlos Slim. The New York hedge fund founded by Izzy Englander has accumulated about 0.52% of America Movil’s stock, worth about $320 million, betting on further declines in its share price, according to an Aug. 30 regulatory filing with Spanish regulators.
George Soros, Billionaire Modi Critic And Global Investor Who Keeps Hogging Headlines In India (ABPLive.com)
George Soros, 92, the American-Hungarian bllionnaire investor, is once again in the eye of a storm brewing in India. Fresh allegations about stock manipulation and tax haven misuse by Adani Group, surfaced Thursday and they were made by an organisation supported by George Soros’ Open Society Foundations. Adani Group refuted all these charges calling it “another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report”.
Ray Dalio’s 3-Step Investment Strategy: The Blueprint to Financial Freedom (MintGenie.com)
In the world of finance and investment, Ray Dalio is a force to be reckoned with. His journey, from founding Bridgewater Associates in a modest two-bedroom New York apartment in 1975 to becoming a billionaire, is a testament to his expertise and vision. A Clear Path to Financial Independence: Dalio’s success is not just personal. Bridgewater Associates has showcased stellar performance, making massive profits over the years. But how did he manage to achieve such impressive feats? The secret, Dalio believes, is in the approach. He shared a simplified three-step formula for those who are new to the investment arena.
Image by Gerd Altmann from Pixabay
Is Clough Capital — And Its Actively Managed ETFs — The Future of Hedge Funds? (Institutional Investor)
After leaving in 2020, Vincent Lorusso Jr. has returned to Clough Capital, the $1.3 billion hedge fund in Boston, and he brought with him something he says more hedge funds should have: ETFs. Charles Clough Jr., the chief global investment strategist at Merrill Lynch from 1987 through 1999, founded the hedge fund in 2000. Lorusso had worked for the hedge fund for 16 years and liked it, but when the Securities and Exchange Commission approved non-transparent ETFs in 2019, he saw opportunity.
Wall Street Tycoons Secure Crucial Support in Their Battle Over the Hedge Fund Sale (The National Era)
Bill Ackman of Pershing Square, Boaz Weinstein of Saba Capital Management, and Marc Lasry of Avenue Capital Group are among the prominent investors who are lobbying for the acquisition of Sculptor Capital, the successor to the legendary hedge fund Och-Ziff. One of their key backers joined their cause on Thursday. Robert Shafir, Sculptor’s former CEO and a prominent stakeholder, informed the company’s special committee that he does not approve of the July arrangement the business made with the real estate investment firm Rithm Capital.
