Hedge Fund's Payments for Ideas Drew Tipsters From the Dark Side
It also paid for stock tips from an Albanian day trader working in a cramped flat on the other side of London that she shared with her brother. Oerta Korfuzi toiled there on a large curved screen in the corner of her living room, squeezed between an alcove and a grey L-shaped sofa.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
KKR in talks to buy ST Telemedia Global Data Centres, Bloomberg News reports
(Reuters) -KKR is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5 billion, Bloomberg News reported on Saturday, citing people familiar with the matter. Reuters could not immediately verify the report.
Yahoo
2 hours ago
- Yahoo
Genworth (GNW) Surges 9% as Firm Expects $750-Million Additional Cash
We recently published . Genworth Financial, Inc. (NYSE:GNW) is one of the best-performing stocks on Friday. Genworth Financial saw its share prices rally by 8.99 percent on Friday to end at $8 apiece as investors cheered a UK court's favorable ruling to insurance giant AXA that could help the former recoup $750 million in cash payments. The case stemmed from the mis-selling of payment protection insurance (PPI) before 2005 by GE Capital Bank, which was acquired by Santander in 2009, that resulted in AXA's losses related to more than 650,000 individual customer complaints about PPI policies. AXA, which inherited the liabilities for its acquisition of two subsidiaries of Genworth Financial, Inc. (NYSE:GNW), paid almost 5700 million pounds worth of redress to consumers and compensated complaints. The UK judge eventually ruled that AXA 'has a valid claim for an indemnity' against Santander in relation to the redress payments and ombudsman fees. For its part, Genworth Financial, Inc. (NYSE:GNW) is entitled to receive $750 million as part of its agreement with AXA as soon as the latter recovers losses. 'Genworth plans to deploy any recoveries in line with our stated capital allocation priorities: investing in growth through CareScout, returning cash to shareholders through our buyback program, and opportunistically paying down debt,' the company said. While we acknowledge the potential of GNW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Bloomberg
2 hours ago
- Bloomberg
KKR Said in Talks to Buy Data-Center Firm STT GDC in $5b Deal
KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5 billion, according to people familiar with the matter. The US investment firm and ST Telemedia Pte could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data center company known as STT GDC with a 14.1% stake. At a more than $5 billion valuation, the deal could be among the largest for KKR this year, according to data compiled by Bloomberg.
