David Einhorn (November 20, 1968, New Jersey, US) is the founder and President of Greenlight Capital Hedge fund, a “long-short value-oriented hedge fund”. His net worth is 1.53 billion USD (2017) and he is the 44th youngest billionaire on the Forbes 400. David Einhorn graduated from Cornell University in 1991 with a B.A. in Government from the College of Arts and Sciences. He later moved to Westchester, New York to start his hedge fund Greenlight Capital with $900,000 which has generated 16.5% annualized return for investors from 1996 to 2016. Greenlight Capital currently (2017) has US$9.27 billion in assets...Read More
Author: The Wealth Training Company
Legendary investor, George Soros throws the towel in betting against the Trump Trade (defined as a surge in US stocks due to Congress making pro-growth initiatives). George Soros has been trumped by the Trump Trade. Past performance is no guarantee of future performance, indeed 2017 has been a year where many legendary investors and established money managers are not coming up trumps, they too have been trumped by the Trump Trade. Bond king Bill Gross did just OK in 2017. Rothchilds RIT Capital Partners Funds cautious approach and aversion to risk also meant that it most likely underperformed this...Read More
Has Mike Novogratz called it a top in cryptocurrencies? Mike Novogratz (personal net worth 1.5 billion USD with approximately 20% of it held in digital assets) announced this month the delayed launch of his cryptocurrency Galaxy fund which was scheduled to be launched December 15, 2017. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing… I look pretty smart pressing the pause button right now,” said Mike Novogratz. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing” MIKE NOVOGRATZ Perhaps the likes of bitcoin have gone to the moon and back...Read More
George Soros (born on August 12, 1930), Budapest, Hungry. George Soros is undoubtedly one of the world’s most successful investors. Soros has a net worth of $25.2 billion making him one of the 30 richest people in the world. But George Soros is somewhat of a controversial character (it has been alleged that some of Soros’s “charities” are undercover operations which are intended to destabilize countries. Russia has banned Soros’s charity claiming it to be a “security threat”. George Soros has had a disturbing start to his early life which could have left him scarred for life, it has...Read More
Bill Gross fund manager, and co-founded Pacific Investment Management Co. PIMCO’s with $1.51 trillion in assets under management is somewhat bleak about the market’s outlook. For Bill Gross, it’s the market’s last dance. “The stock market is like an old age retirement community” “The stock market is like an old age retirement community” BILL GROSS The mega fund managers believe that the stock market’s best days are behind it as central banks take away their high levels of stimulus. So for Bill Gross it the market’s last dance because there is nowhere to run, nowhere to hide. “Prior market...Read More
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