It is the 20th of September 2019

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Bill Miller Put 30% Of His Fund's Assets In Bitcoin

While Jamie Dimon, Warren Buffett, Ray Dalio and Larry Fink have all revealed themselves to be skeptics of bitcoin, accusing it of being a bubble, at best, and a fraud, at worst, one longtime investor who made his name scooping up “value” stocks in the 1990s has quietly posted astonishing returns betting on the digital currency, predating a wave of more than 100 asset-management shops that have sprung up to manage portfolios of cryptocurrencies.

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Dan Loeb: "None Of Our Early Predictions Have Come To Pass"

Below are some key highlights from Third Point's latest Q2 letter, in which we find that Dan Loeb, despite some early market turbulence and thesis drift, has again managed to do what 95% of his peers have been unable to do, outperforming the S&P YTD and returning 10.7% through June 30, up 4.6% in the second quarter.

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As SNAP Bounces On 13Fs, This Is How Long It Took Recent Tech Companies To Lose Their IPO Price

Investors are piling into Snap Inc. today (up over 7%) after hedge fund 13Fs over the weekend showed Appaloosa, Third Point, Soros, and Blackrock (among others) were all holders of the 'camera' company at the end of Q1...

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Third Point Made 5.9% In Q1, Expects "Favorable Investing Environment To Continue": Full Letter

Having returned 5.9% in Q1, or just shy of the overall market's 6.1% return, it was not surprising to find the mood in Dan Loeb's just released Third Point letter to be far more uplifting than in the recently posted David Einhorn letter (whose punchline was "The Longs Say Stocks Can Only Go Up, Seemingly To Infinity And Beyond. We Have Seen This Before").

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Horseman Capital Reveals The "Best Short In The World At The Moment"

When Japan's PM Shinzo Abe spoke at the Reuters Newsmaker event yesterday, one prominent hedge fund manager was present: Third Point's Dan Loeb. As Reuters reported, the outspoken billionaire activist investor, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan's monetary policy move (as we will show in a subsequent post, he was one of the very few who did so) but added corporate reform is still needed to help revive growth.

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Teachers Unions Vs Hedge Funds: The Battle Over Billions

Randi Weingarten is the president of the American Federation of Teachers, and is a name that hedge fund managers and those on Wall Street are beginning to learn quite well.

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