Market optimism over the potential for interest rate cuts next year is dangerously overdone, according …
Read More »Hedge funds lose nearly $6 billion as Facebook shares crater
Facebook was the most-loved holding of hedge funds before the stock’s epic plunge on Thursday, resulting in a massive multi-billion dollar loss for the so-called smart money on Wall Street. Of 848 hedge funds tracked by Goldman Sachs, 97 had Facebook as a top 10 holding, according to the firm’s …
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