U.S. existing home sales fall for 10th straight month in November

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Third Point's Loeb says Cathie Wood has 'stonk hodlers' mentality

December 21, 2022 1:42 PM EST

Billionaire investor Dan Loeb isn't impressed with ARK's Cathie Wood, according to a tweet posted on Wednesday.

Loeb, who runs New York-based Third Point, said Wood's memo should be used "as a treatise to study the mindset of stonk hodlers."

Wood has seen rising rates and surging inflation significantly impact her exchange-traded funds in 2022, with stocks... More

On form Citadel and other hedge funds to return some profits to clients in 2023 - WSJ

December 21, 2022 12:23 PM EST

Citadel is expected to return around $7 billion in profits to clients based on what it expects to be its most profitable year ever, The Wall Street Journal reported Wednesday.

Citing people familiar with the firm, the WSJ said Citadel's flagship fund is up about 32% for the year through November,... More