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TOP STORY: Bankrupt retailer Bed Bath & Beyond is suing Hudson Bay Capital Management – the hedge fund at the centre of a filed last-ditch rescue plan for the business – for more than $300m in lost trading profits as it looks to generate cash for its creditors, according to a report by Fortune.
- 10/05/2024
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Hedge fund allocations by ultra high net worth individuals (UHNWIs) have fallen to 2% of their investment portfolios from around 12% over the past 16 years, and the asset class is effectively “dead” as an investment opportunity for the super rich, according to a report by CNBC citing Michael Sonnenfeld, Founder and Chairman of Tiger 21 — a network of UHNWIs and entrepreneurs.
- 01/05/2024