Michael Burry exits Alibaba stake
Michael Burry’s Scion Asset Management exited its stakes in Alibaba Group Holding Ltd. and JD.com Inc. in the second quarter, ditching the stocks just months after doubling down on them.
That’s a stark turnaround, considering the two Chinese tech giants...
The truth about expensive investment fees
An analysis of hedge funds’ “two and twenty” fee structure shows that hedge fund managers enjoy far higher returns than their investors over an extended period.
Two and twenty — or 2 and 20 — refers to a popular hedge fund compensation structure...