Despite last year s market turmoil, Citadel s funds managed to deliver jaw-dropping returns. Here s why that news may be tough for some investors to swallow.
Hedge Fund and Insider Trading News: Seth Klarman, Third Point LLC, Antara Capital, Solo Capital, B. Riley Financial Inc (RILY), Constellation Brands, Inc. (STZ), and More
Billionaire Seth Klarman, the longtime head of $30 billion
Baupost Group, made just under 5% in 2020. The firm lost money in March, when the coronavirus shut down the world and the stock market tanked. Klarman was critical of the Federal Reserve last year, and also made waves by placing big bets on SPACs like fellow billionaire hedge-fund investor Bill Ackman‘s Pershing Square Tontine Holdings.
Intel Corp. ousted Chief Executive Bob Swan in a surprise move after activist hedge fund