Mark Kingdon News
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Hedge funds climbed 0.9 percent last month, posting their best gain since September while trailing global equities, as markets rallied in the wake of a U.S. budget agreement and correlation between stocks diminished.
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The editor-in-chief of Vogue China, Angelica Cheung, came to New York yesterday to be honored by the Museum of Chinese in America.
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John Hussman runs a $6.3 billion mutual fund with the flexibility to bet on rising and falling stock prices. His fees are a fraction of those charged by so- called long-short hedge funds that do the same thing, and he’s making more money for investors this year.
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Zhang Xin , chief executive officer of Soho China Ltd., sat next to her 10-year-old son, Luc, who was wearing black tie for the first time.
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Appaloosa Management LP’s David Tepper, hedge fund manager Mark Kingdon and Lansdowne Partners Ltd. cut bets on Bank of America Corp. in the third quarter as Warren Buffett’s Berkshire Hathaway Inc. invested in the lender.
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Hedge funds including MKP Capital Management LLC posted gains last month as global stocks rallied after European Central Bank President Mario Draghi pledged to defend the euro.
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Hedge funds Moore Capital Management LLC and Blue Ridge Capital LLC boosted their stakes in JPMorgan Chase & Co. in the first quarter, while Kingdon Capital Management LLC divested, before the shares plunged because of a $2 billion trading loss.
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Hedge funds fell 2.9 percent in May, their worst month since September, as stocks slumped on concern Greece may exit the euro and the global economy is weakening.
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Ron Perelman slipped on the shiny black jacket, turned around to show off its gold “NYPD” letters on the back, and raised both arms in triumph, to whoops and hollers.
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Linden Lab’s virtual world called Second Life was seen as the Web’s next big thing following its 2003 debut.
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