Morgan Stanley has fired or placed on leave multiple traders due to an allegation of mismarking securities. It is being reported that the traders concealed losses up to $140 Mio according to people with knowledge of the matter. The firm is investigating the suspected mismarking, which was linked to emerging-market currencies, said the people, who
PointState Capital, founded by Zachary Schreiber and other alumni of billionaire investor Stanley Druckenmiller’s Duquesne Capital Management, has been hit with approximately $1 Bio in redemptions. The New York hedge fund is on the verge of a second losing year in a row. It lost 19% last year. PointState Capital had big investments on satellite
