Morgan Stanley Removes Traders following Probe into Hidden Losses

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

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PointState Capital Struggles for Second Year in a Row

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

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