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The Latest Breaking News on Hedge Funds

Buffett says people shouldn't worry about Berkshire, banks

Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate because Vice Chairman Greg Abel will do a great job and the conglomerate's basic model won't change

The Independent UK

Elon Musk fired 80% of Twitter workforce but insists ‘we’re headed to a good place’

The billionaire said the ‘pain level has been extremely high, this hasn’t been some kind of party’

Evening Standard

Citadel’s Ken Griffin gives $300 million to Harvard University

Billionaire Ken Griffin has given $300 million to Harvard University, his biggest gift ever to his alma mater.

Tribune News Service

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Harvard to rename school after top Republican donor following $300m gift

Graduate school of arts and sciences to be named in honor of Ken Griffin, 54, hedge-fund billionaire and world’s 35th richest person

The Guardian - US

Twitter’s ex-CEO sues company after legal turmoil

Parag Agrawal and other executives allege they have spent more than $1m out of pocket on fees

The Guardian - US

Ex-Twitter CEO reveals DOJ probe in pursuit of legal fees repayment

Twitter Inc.’s former chief executive officer revealed the U.S. Justice Department and the U.S. Securities and Exchange Commission investigated the social-media platform in the past as part of his effort to force the company to cover legal fees related to lawsuits and government probes.

Tribune News Service

Manchester United takeover latest: Senior UK Government officials flag Sheikh Jassim 'concerns'

The latest Man United takeover news out of Old Trafford

Manchester Evening News

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Latest Forbes list shows Musk, Trump, and others are worth less, while Illinois lost its wealthiest resident

Forbes published its annual billionaires list Tuesday and for the first time in years, hedge fund manager Ken Griffin is not the richest person in Illinois.

Chicago Tribune

Wife leaves one of world's richest men for woman and gets $1 billion divorce pay-out

Israel 'Izzy' England has been left 'humiliated' after his ex-wife Caryl left him for art dealer Dominique Lévy and the women filed a lawsuit against him containing some shocking allegations.

Daily Record

Grieving young widow opens up on husband's 'good death' with Marie Curie hospice support

Hayley Smith, whose husband, Matthew died in a Marie Curie hospice of brain tumours, has spoken of the final year of his life.

Daily Record

Grieving young widow opens up on husband's 'good death' with Marie Curie hospice support

Lanarkshire woman Hayley Smith, whose husband, Matthew, died in a Marie Curie hospice of brain tumours, has spoken of the final year of his life.

Daily Record

Israel's liberal backers: More denial

Many Jewish Americans are alarmed by Netanyahu's coup — but they're not ready to face the truth about Israel

Salon

Elon Musk apologises after mocking disabled ex-Twitter employee

Twitter CEO had questioned former staffer about his work, disability and need for accommodations.

Al Jazeera

Elon Musk mocks laid-off Twitter employee with disability

If you’re not told you are fired, are you really fired

The Independent UK

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The Guardian - UK

Indie cafe in Brixton takes on hedge fund-backed coffee chain over name

Family-run Blank Coffee in south London launches legal challenge saying US Blank Street Coffee is trying to copy its ‘vibe’

Tribune News Service

Justin Fox: What you can learn from Warren Buffett’s mistakes

There was very little in the way of news in the annual letter to Berkshire Hathaway Inc. shareholders that Warren Buffett released Saturday morning. Buffett did mention that “Berkshire had a good year in 2022,” with operating earnings of $30.8 billion, and disclosed that subsidiary See’s Candies sold $400,309, or…

Daily Mirror

Elon Musk sacks loyal Twitter executive who slept at office as he axes 200 jobs

Twitter boss Elon Musk has sacked 200 employees at the social-networking giant including head of payments Esther Crawford, who introduced the controversial "blue tick" verification

The Independent UK

Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership

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Manchester Evening News

American hedge fund giant 'enters' Manchester United takeover race

Elliott Investment Management's reported interest follows that of Sir Jim Ratcliffe and Qatari Banker Sheik Jassim bin Hamad Al Thani.

Daily Mirror

American billionaire hedge fund makes eleventh-hour Man Utd bid to hijack takeover

Elliott Investment Management, an American hedge fund, has put together a proposal to finance a Manchester United takeover bid as the Glazers look to sell the club

Reuters

Soros says Russian defeat in Ukraine would trigger dissolution of 'Russian empire'

Billionaire financier George Soros said on Thursday that if Russia was defeated in the Ukraine war it would result in the dissolution of what he called the 'Russian empire,' something he said would be greeted by former Soviet republics.

The Times of India

Hedge funds hunting for Gautam Adani bargains are using this playbook

MUMBAI: Hedge funds that previously stayed clear of stocks and bonds linked to Gautam Adani's empire are jumping in after a more than $100 billion wipeout in the group's market value.

Caixin Global

U.S. Hedge Fund Giant Citadel Tries to Tap Into China

CSRC has accepted Citadel subsidiary’s application for the Qualified Foreign Institutional Investor program

Tribune News Service

‘Teflon’ Elon wins again as jury rejects fraud claim over tweets

Elon Musk proved once again that he’s difficult to beat in court.

The Independent UK

Elon Musk surprise appearance as Tesla tweet trial wraps up

A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator for Friday’s final arguments — Elon Musk, the billionaire who is being accused of misleading investors with his usage of the Twitter service he now owns

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Jassim Bin Hamad Al Thani

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