Ray Dalio, the founder, chairman and co-chief investment officer of the world’s largest hedge fund firm, Bridgewater Associates, has had a rough 2020. Bridgewater’s flagship fund has been deeply negative, even as rival hedge funds managed to outperform the market, particularly during the initial turmoil from the coronavirus pandemic.Read More →

© Reuters. FILE PHOTO: Frankfurt’s airport during COVID-19 FRANKFURT (Reuters) – Lufthansa (E:) will seek to avoid a grounding and insolvency, Chief Executive Carsten Spohr said on Sunday, before a showdown between the airline’s biggest shareholder and the German government over the terms of a 9-billion-euro bailout. Lufthansa has beenRead More →

© Reuters. Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings (Reuters) – Activist investor Land & Buildings Investment Management LLC said on Tuesday a C$1.74 billion go-private offer for Hudson’s Bay Co from chairman and other shareholders would likely not receive majority approval of remainingRead More →