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The biggest stock market story so far this year is without a doubt the GameStop saga, which saw a struggling US video game retailer’s share price rocket by almost 1,600 per cent. A battle ensued between short-selling hedge fund managers and a community of traders on Reddit, which drove GameStop shares up from $20 in … Read more
A hedge fund manager who suffered massive losses as part of the GameStop feeding frenzy is in the midst of expanding his $44 million Miami Beach home, it has emerged. Gabe Plotkin, who founded Melvin Capital Management in 2014, has seen his company lose 53 per cent of its value in January – in large … Read more
A Wall Street titan connected to the remarkable Robinhood feeding frenzy abruptly quit Twitter on Friday night, as it emerged that some of the board members of the companies involved have cashed in on the surreal week. Steve Cohen, the financier and owner of the New York Mets, who is worth an estimated $14.6 billion, … Read more
Mail Force hit the jackpot yesterday with a thumping £1million donation from Camelot. The National Lottery operator’s awesome offer to match reader donations sent the campaign to get laptops to lockdown pupils soaring. In less than a week, £5million has been raised and thousands of computers pledged – and this is just the beginning. Cheques, online … Read more
Reddit bulls WILL be tamed: UK-based hedge fund chief fires warning shot to vigilante traders By Lucy White For The Daily Mail Published: 21:53 GMT, 29 January 2021 | Updated: 21:53 GMT, 29 January 2021 The chief economist of a major UK hedge fund has said it is ‘ludicrous’ to suggest small investors managed to … Read more
Music and video streaming is this generation’s Californian Gold Rush and one man leading the charge is Merck Mercuriadis. The music mogul and founder of music rights firm Hipgnosis Songs Fund has had a barnstorming pandemic, spending nearly £1billion to acquire some of the world’s best-known artists, from the Kaiser Chiefs to megastars such as … Read more
Kremlin foe Alexei Navalny has accused Vladimir Putin of using state cash to fund his secret mistresses. Navalny, 44, claimed that the Russian leader – who he labels the world’s richest man – uses a ‘slush fund’ to cover the expenses of his other women and their families including his 17-year-old love child. He has … Read more
Vulture hedge fund behind struggling bookshop chain Waterstones hands out £93m to its 107 London employees By Mark Shapland For The Daily Mail Published: 21:50 GMT, 18 January 2021 | Updated: 21:50 GMT, 18 January 2021 The aggressive hedge fund behind Waterstones has dished out £93million to its staff in London. Elliott Advisors shared the … Read more
Families of football and rugby players set up dementia charity to fund scientific research into the disease and offer support Head For Change has enlisted the family of Nobby Stiles to be ambassadors Three women who have watched relatives live with the illness are behind charity Fundamental aim is to deliver support to families through … Read more
A couple have raised a staggering £1.9million to fund a ‘miracle treatment’ for their terminally-ill baby son’s rare condition during lockdown. Two months into his life, Metehan Fidan’s parents Tuncay and Zeliha, from Leicester, realised there was something wrong with their son when his movement started to slow down. He was then diagnosed with spinal … Read more