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Jason Karp, who six years ago started his Tourbillon Capital Partners, is closing his main fund after losses, effectively saying that the hedge fund model is broken. He plans to return the more than $1 billion to investors at the end of the year, according to a letter sent to clients Monday that was viewed by Bloomberg News...
David Swensen, the man dubbed as Yale University’s “Warren Buffett” for his investing chops in turning around the university’s endowment into a $29 billion fund, is now reportedly going big on cryptocurrency.
According to both Bloomberg and CNBC, Swensen, who is the chief investment officer at the prestigious school, has invested in two venture funds dedicated to cryptocurrencies...