(New York Times) Some of the richest investors on Wall Street on Monday gave the world a glimpse of how they make their money. Or, in the case of the last quarter, how many of them lost money for their clients. Investors like William A. Ackman, Larry Robbins, Leon G. Cooperman, Daniel S. Loeb, David Einhorn, Jeffrey W. Ubben and many more lost billions of dollars in large measure because the shares of the companies they placed bullish bets on plummeted over the summer and fall..
Filings Show Rocky Quarter for Many Hedge Funds
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