Crypto Markets News 

Hedge fund manager Marc Larsy says bitcoin $40K is possible

“After months in the doldrums, the No. 1 digital currency surged higher Tuesday and has continued its run Wednesday” writes Aaron Hankin for marketwatch.com. When asked for a price prediction, Larsy said bitcoin could reach somewhere between $20,000 and $40,000.The price of a single bitcoin BTCUSD, +1.32%  last changed hands at $7,450.10 on Wednesday, up 1.9% since Tuesday’s price at 5 p.m. on crypto exchange Kraken.However, after Tuesday’s surge, which saw the world’s biggest digital currency climb more than 10%, volume more than doubled Saturday’s number and reached the highest…

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Crypto News 

Steve Cohen has reportedly backed a crypto hedge fund

“Fortune reported on Thursday that Cohen has invested in crypto asset hedge fund Autonomous Partners through his vehicle Cohen Private Ventures” writes Oscar Williams-grut for businessinsider.com. Hedge fund billionaire Steve Cohen has invested in the crypto craze, according to Fortune.There are over 250 crypto-only hedge funds, with the bulk launched over the last 18 months.Cohen has been focusing on his personal hedge fund, Point72, in the interim but is in the process of opening up the fund to outside capital now that his ban has expired.It is not known how…

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Crypto News 

Billionaire Steven Cohen Ventures into Crypto with Hedge Fund Investment

“Renowned billionaire and hedge fund manager Steven Cohen in the latest big name in finance to join the cryptosphere, according to a Bloomberg report” reports financemagnates.com. More specifically, Cohen has reportedly made the decision to invest in Autonomous Ventures, a hedge fund focusing on cryptocurrency and blockchain technology. In June, the Financial Times reported that cryptocurrency hedge funds were down by an average of 35 percent since January; only 8 percent of the top 25 crypto hedge funds had reported profits this year as of April.The investment was made through Cohen…

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News Stocks 

Worried about inflated FAANG stocks? Here’s a hedge that can help protect you

“The FAANG stocks have been dominant during the nine-year bull market” writes Investing Columnist for marketwatch.com. You can see that the real estate investment trusts’ relative valuation has declined significantly since peaking in early 2012.To put things in better perspective, here’s a comparison of current P/E valuations for the FAANGs and the S&P 1500 real estate sector: Except for Apple, the FAANG valuations are significantly higher than the price/FFO valuation for the real estate sector.Scott Crowe, the chief investment strategist at CenterSquare Investment Management in Plymouth Meeting, Pa., makes a…

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News Stocks 

Here’s a hedge for investors against inflated FAANG stocks

“The FAANG stocks have been dominant during the nine-year bull market” writes Investing Columnist for marketwatch.com. You can see that the real estate investment trusts’ relative valuation has declined significantly since peaking in early 2012.To put things in better perspective, here’s a comparison of current P/E valuations for the FAANGs and the S&P 1500 real estate sector: Except for Apple, the FAANG valuations are significantly higher than the price/FFO valuation for the real estate sector.Scott Crowe, the chief investment strategist at CenterSquare Investment Management in Plymouth Meeting, Pa., makes a…

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News 

A bible on investing that Wall Streeters used to pay thousands of dollars for is now up for grabs on Kindle for $9.99

“An Amazon Kindle copy of “Margin of Safety,” written by the billionaire value investor and hedge fund manager Seth Klarman, is now selling for $9.99″ writes Akin Oyedele for businessinsider.com. Klarman is founder of The Baupost Group, a $30 billion hedge fund known for its secrecy. Source: businessinsider.com Share This:

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There are only 4 stories written about fund managers

“I even heard one story where they went through a famous hedge fund manager’s trash” writes A Wealth Of for businessinsider.com. Fund failures seem to occur on a regular basis, especially in the hedge fund community (which is strange because these failed funds were obviously not hedging anything).This week brought us another round of the can’t-figure-out-what’s-wrong story starring hedge fund manager David Einhorn.So no one really mentions it when handicapping his hedge fund.There are really only four different stories that are written about fund managers: John Paulson was the huge…

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News 

Here’s how ETFs became one of Wall Street’s hottest investment products

“I can only handle so many clients in terms of the hedge fund,” Kelly, who founded the BKCM hedge fund and manages REX Shares’ cryptocurrency ETF which launched this year, said in a recent interview” writes Finanzen Net Gmbh for businessinsider.com. Short for exchange-traded fund, ETFs have taken financial markets by storm over the past decade by packaging multiple individual equities into a single, indexed security that can be traded just like a stock. Source: businessinsider.com Share This:

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Steven Cohen is said to lose bid to open Point72 hedge fund to British investors

“Steven Cohen is having a tough time getting U.K. financial regulators to give him a second chance in that country” writes Liz Moyer for cnbc.com. The U.S. ban lifted in January and since then, Point72 has raised $3 billion from outside investors, the FT said.The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let Cohen open the fund to U.K. investors, according to a report in the FT, citing people familiar with his application to do business there.Cohen had been…

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News 

Loeb’s Third Point takes new approach in battle with Nestle

“The average hedge fund lost roughly 1 percent during that time, Hedge Fund Research data shows” reports businessinsider.com. Institutional Investor just named Third Point hedge fund manager of the year.To some, the moves suggest an aggressive U.S.-based hedge fund manager taking his playbook to Europe where shareholders have been appeased with slower progress for longer.In the first six months of 2018, Loeb’s Third Point Partners fund returned 1 percent, an investor said. Source: businessinsider.com Share This:

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