The Latest Breaking News on Hedge Funds

Labour’s Tulip Siddiq calls on City watchdog to determine whether hedge fund billionaires knowingly profited from Kwasi Kwarteng’s mini-budget

Calls come amid reports hedge fund bosses made ‘small fortunes’ by betting that Sterling would fall

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

Meme stocks gained massive popularity last year after their short-squeeze-driven rallies despite possessing weak fundamentals. After a pause for a few months, the meme craze has recently returned, with several struggling stocks soaring to unsustainable prices. However, amid uncertain market conditions, it could be wise to avoid fundamentally weak meme…

The New York mogul left his own hedge fund after a massive African bribery scandal. Now he’s fueding with the man he once groomed as his successor, Io Dodds reports

Peter Thiel, a GOP megadonor and technology billionaire, is a controversial figure within conservative circles. The early investor in Facebook and PayPal co-founder also was an instrumental donor to Trump-backed Senate candidates in Arizona and Ohio.

FCA orders fund’s administrator, Link, to ringfence sum as part of conditions related to its takeover

An Emirati court has ruled that a British man suspected of masterminding a $1.7 billion tax scheme cannot be extradited to Denmark to face charges

Despite sharp volatility in financial markets globally this week, the Indian stocks managed to close the weekly trade with some gains. Read more on Dynamite News:

Hedge-fund billionaire Ken Griffin has shattered the Miami price record, shelling out $106.875 million for a waterfront estate.

A video of a truck from Nikola Corp (NASDAQ: NKLA) became the talk of the financial world after a short report questioned if the truck was actually driving. Nikola later admitted the truck was rolling downhill.