Major Hedge Funds Mostly Lose in October
Source: Nishant Kumar (X), citing Bloomberg Report
Britain has agreed to pay into European Union development schemes as the price for rejoining the bloc’s electricity market, according to a draft text seen by The Telegraph.
Taxpayer money will be funnelled into projects to build roads, airports and green energy facilities across the bloc’s poorer member states under the plan.
In exchange, British energy companies will be allowed to trade freely in the EU’s single market for electricity.
Hedge Fund Elliott Warns of FOGO: Fear of Getting Obliterated in the Market - The $80 billion hedge-fund firm posted flat returns in the third quarter and under 2% gains this year through September.
Paul Singer’s Elliott Investment Management compared the current state of the markets, laden with debt-fueled risk-taking and bubbling with hype over new technologies, to the Roaring ‘20s that preceded the Great Depression.
“At present, virtually every alarm bell warning of a substantial bear market ahead is ringing,” the $80 billion hedge-fund firm wrote in an October investor letter reviewed by The Wall Street Journal.
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