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Fintech Focus For June 24, 2021
Wednesday, June 23, 2021 - 6:01pm | 2260Read More...Quote To Start The Day: “Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.” Source: President George W. Bush One Big Thing In Fintech: The COVID-19 pandemic accelerated acceptance of...
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Hedge Funds Face Massive $25 Billion Tax Bill With No Way Out
Wednesday, June 22, 2016 - 8:42am | 269Read More...A tax loophole in which hedge-fund managers avoid paying taxes on performance fees packed offshore will cease to exist on December 31, 2017. According to Bloomberg, a proposed change to the tax loophole that hedge fund managers have been taking advantage of for years was actually proposed eight...
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Steve Cohen On Hedge Funds: I'm Blown Away By The Lack Of Available Talent
Tuesday, May 3, 2016 - 8:54am | 262Read More...Steven Cohen, the billionaire investor and hedge fund manager, has somewhat discouraging words for finance professionals looking to find a high paying job at a hedge fund. Cohen, speaking at the Milken Institute Global Conference on Monday said that he is "blown away by the lack of talent" of...
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Pernix Therapeutics Soars 75% Following Report of 5.8% Stake by Point 72
Monday, May 2, 2016 - 9:14am | 109Read More...Shares of Pernix Therapeutics Holdings Inc (NASDAQ: PTX), a nano-cap specialty pharmaceutical company that focuses on products that addresses unmet medical needs, soared higher by more than 75 percent early Monday morning. Investors and traders were reacting to Point72 Asset Management's...
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D.E. Shaw, Griffin's Citadel, Cohen's Point72 & OZ Management Lead This Week's Hedge Fund Moves
Saturday, July 25, 2015 - 1:38pm | 428Read More...Tracking hedge fund activity is central in many investment strategies. This article will take a look at some of the most relevant moves from this week in order to provide readers with some interesting ideas. On Monday, D.E. Shaw & Co. declared a 30 percent increase in its wage on Liberty...
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Why You Should Pay Attention To 13F Filings
Thursday, August 14, 2014 - 3:13pm | 497Read More...Investors are eagerly awaiting second quarter 13F filings to get a peak at which stocks Wall Street’s most prominent hedge funds are betting on. The 13F is a quarterly filing that funds with more than $100 million in assets are required to publish.The report shows which securities the...
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Cohen Increases Stake in Zynga
Friday, March 28, 2014 - 2:19pm | 156Read More...On Thursday night, the SEC disclosed that Steven Cohen, founder of SAC Capital Advisors (SAC), has increased his stake in Zynga (NASDAQ: ZNGA) to 5.3 percent. Steven Cohen increased the total number of beneficially owned shares to 38,694,391, which makes up approximately 5.3 percent of the total...
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Market Wrap For March 7: Markets Cap Off Positive Week With Small Gains
Friday, March 7, 2014 - 5:31pm | 2369Read More...U.S. stocks were mixed as investors continue to follow the standoff in Ukraine and digested February's jobs report which indicated that harsh winter weather could be the culprit behind weakness seen in recent economic data reports. The S&P 500 trading at new all time highs at 1,883.57 but...
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Top Trending Tickers On StockTwits For March 7
Friday, March 7, 2014 - 11:20am | 664Read More...Here's a look at the top tickers trending on StockTwits.com QIHOO 360: Strong earnings and guidance, home page visits a concern Last night, QIHOO 360 (NYSE: QIHU) reported its fourth quarter results. The company announced an EPS of $0.70, beating the consensus estimate of $0.43. Revenue of $...
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The Top 23 Gay Marriage Supporters in Business Today
Wednesday, June 26, 2013 - 4:32pm | 1663Read More...Editor's note: This piece was originally published on March 27, 2013 This week, the Supreme Court is hearing two landmark cases on the issue of same-sex marriage that may change the current government definition of marriage as we know it. The heavy-hitters who have financed the battle to...
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For One Day, Coal ETF is a Diamond
Wednesday, May 8, 2013 - 2:47pm | 676Read More...The once high-flying Market Vectors Coal ETF (NYSE: KOL) is, for what feels like the first time in ages, enjoying a solid performance in Wednesday trade. Sparked by speculation of insider buying in Walter Energy (NYSE: WLT), coal stocks are popping and that is helping KOL to a gain of nearly two...
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Invest Like Steve Cohen...Using ETFs
Wednesday, November 16, 2011 - 1:13pm | 556Read More...Investors looking to pull off their best impression of SAC Capital honcho Steve Cohen have a few options. Among them: Come up with the coin to invest in SAC and have Cohen and his crew manager you money. However, the minimum investment, whatever it is, is probably off limits to more than 90% of...
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ETFs For 13F Filing Season
Tuesday, November 15, 2011 - 6:57pm | 551Read More...It's that time of year again. It's 13F filing season. A veritable gift for investors that like to mimic what the professionals are up to. For those that subscribe to the theory of following the smart money, this is your time. And for those not in the know, here's a quick explanation of what 13F's...
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Who Hearts GLD? Some Hedgies Do, Others Not So Much
Tuesday, August 16, 2011 - 2:49am | 274Read More...It might be impossible for one to love gold as much as Auric Goldfinger, the fictional character from the James Bond movie bearing that last name, but some hedge fund managers certainly do love the yellow metal while others are showing a waning taste for the classic safe haven investment. Love for...
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Has SAC Capital Successfully Weathered The Insider Trading Storm?
Thursday, February 24, 2011 - 12:25pm | 335Read More...According to a Reuters special report, that seems to be the case. Steven Cohen's $13 billion hedge fund wasted no time in responding to the insider trading charges against two former employees, Donald Longueuil and Noah Freeman. SAC Capital's clients are giving the fund the benefit of the doubt....
