Top #HedgeFunds rake it in in 2023

Another banner year for the leading Hedge Fund managers!

Top #HedgeFunds rake it in in 2023

• Hedge Funds produced combined gains worth $218BN after fees, according to fund of hedge funds LCH Investments.

• Chris Hohn's TCI Fund Management made $12.9BN, followed by Ken Griffis' Citadel with $8.1BN, returning ~25% & ~14%, respectively.

• Top 20 firms, which oversee less than 20% of industry's assets, generated

#PE Is Piling on More Esoteric #Debt Like Never Before—and at PawnBroker Rates!

Some investors warn that buyout firms are borrowing at interest rates of as much as 19% and the risk of wider fallout is growing. 

Nigeria scam version 2.0

Nigeria scam version 2.0

🤣🤣🤣

Here are some excerpts from Hindenburg Research's report on this Nigerian Food & Mobile Scam.

• company held a groundbreaking ceremony for a planned $1.6 billion Nigerian food processing facility of its own…We found that the rendering of the planned facility, featured in Tingo's investor materials and on a billboard at the ceremony, is actually a rendering of an oil refinery from a stock photo website!

• We strongly suspect Tingo's cash balance, which it conveniently claims is held in Nigeria, is fake. 

• Nigerian Communications Commission showed it has no record of Tingo being a mobile licensee at all, despite company claims of having 12 million mobile customers

Tingo Group: Fake Farmers, Phones, and Financials—The Nigerian Empire That Isn't

"they are scammers"

Just Like #FTX, FTX Ventures Went Big — And Fast — When It Came To Investing

The wreckage from FTX's reckless VC investing should be a lesson for all.

Just Like FTX, FTX Ventures Went Big — And Fast — When It Came To Investing

Chris Metinko4-5 minutes 15/11/2022

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While everyone is still sifting through the immediate FTX wreckage, there is a good chance more decimated debris is on the way.

Along with trying to be a white knight to companies such as Voyager Digital and lender BlockFi, Sam Bankman-Fried and his company also made their way to the venture world early this year.

FTX Ventures announced its first $2 billion funding in January and quickly made nearly 50 different investments from the new venture arm, according to Crunchbase data. Those rounds in total raised nearly $3 billion for burgeoning startups, with FTX Ventures leading some of the biggest of those deals.

Today’s Inflation Debacle has Been Years in the Making