Investing

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Cliff Asness Says Value Revival Has Become Quant ‘Gut Punch’

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Even in a value rebound, returns were offset by losses for other factors.

Wealthy Americans Boost Savings In Face Of Pandemic Worries

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The pandemic is spurring people to shore up their finances, even those who can invest $1 million.

Ray Dalio Says Son Killed In Car Accident In Connecticut

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Devon Dalio was driving when his car crashed into a store in Greenwich.

John Gutfreund’s Decor, Once A Symbol Of Excess, Could Fetch $7 Million

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Starting on Jan. 14 and running through Jan. 29, a series of live and online sales will offer more than 665 lots.

Billionaire Dyson Shrugs Off Ill-Fated EV Foray With Profit Rise

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Dyson Holdings took a 198 million-pound hit from discontinued operations last year.

Death Of World’s Wealthiest Banker Thrusts Heirs Into Spotlight

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Joseph Safra's multibillion-dollar banking empire now falls to the next generation.

Billionaire Survivor Of Ransom, Terror Attacks Rivals Ambani

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Gautam Adani's ability to overcome obstacles has propelled him to the ranks of India’s richest.

Carlos Ghosn Investigated By France Over Possible Tax Evasion

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Auto executive-turned-fugitive Carlos Ghosn is under investigation in France for possible tax evasion.

College Dropout Makes Market Debut With Tiny Tech SPAC

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This college dropout didn't know the ways of the ultra-wealthy when he started Tiny Capital five years ago.

Gross's Noise Expert Detours From 'Gilligan' To Music In Warfare

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Bill Gross called on a noise expert in a dispute over the volume at which he played the "Gilligan's Island" theme.

The Wealthy Are Jumping Into Bitcoin As Stigma Around Crypto Fades

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Affluent investors are giving Bitcoin a serious second look as it wins mainstream acceptance.

Thiel-Backed Developer Of Covid-19 Therapy Triples In Debut

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Peter Thiel was named to AbCellera’s board last month and acquired a small stake earlier in the year.

Egyptian Billionaire Builds Stake In Owner Of Knicks, Rangers

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Nassef Sawiris's family office revealed a 5% stake in the company that owns two New York sports teams.

Private Equity Firms Bet Smaller Is Better With Expansion Plans

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Add-on transactions comprised 51% of global buyouts in the third quarter.

Unsold U.S. Hotel Rooms Near 1 Billion As Lodging Crisis Deepens

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All the lost room nights have made it hard to keep up with loan payments

A 1931 Lou Gehrig Jersey Is Sports Memorabilia’s Latest Big Swing

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The auction comes at a time when sports memorabilia sales continue to shatter records.

Billionaire Shocked By Son's Quick $50 Million Trading Loss

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The son's mother is arguing in court that he worked with his father to hide assets.

Gross Proposes To Settle With California Neighbor Mid-Trial

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Billionaire Bill Gross proposed to settle his feud with his neighbor and end dueling harassment complaints.

Sackler Family Members Can Still Be Charged After $8.3B Opioid Settlement

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They were not granted immunity and prosecutors retain the right to investigate and charge them.

Reuben Brothers To Buy New York City's Surrey Hotel

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Billionaire British brothers David and Simon Reuben make their latest push into U.S. real estate.

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