Flickr / Barney Moss
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Hedge funds are having a tough time of it.
Bluecrest Capital, which was once one of the largest hedge funds in the world, announced Tuesday it would $4 while Tiger Veda Management, a so-called Tiger Cub hedge fund, is $4. David Einhorn's hedge fund $4.
David Tepper, founder of Appaloosa Management, sent out a$4$4, meanwhile.
In other Wall Street news, bond investors are getting excited about the $4, and the CEO of online lending startup SoFi has said he $4.
Here are the top Wall Street headlines at midday -
$4 - Wells Fargo may have to raise $60 billion in debt to offset potential losses in the event of another financial crisis.
$4 - This is Tiger Global's tenth venture capital fund, and it will be called Tiger Global Private Investment Partners X, L.P.
$4- Ever wonder which college major is most likely to get you a job on Wall Street?
$4 - In just a matter of years, the American "energy renaissance" has made the region a leader in global oil.
$4 - Societe Generale is out with a call for the end of the global stock bull market: 2017.
n MBA isn't as important as you might think for building a career on Wall Street>$4 - It turns out that MBA degrees are very common at the upper levels within investment banks - but they don't dominate.
$4 - Tiger Veda Management, a so-called Tiger Cub hedge fund, is shutting down after 11 years, according to a memo sent to clients from the fund's CEO.
$4 - That's according to $4, one of the most recognizable women on Wall Street.
$4 - When you're an executive at a "unicorn," a privately held company that has reached a valuation of at least $1 billion, you pay a lot of attention to the initial public offerings of other companies.
Elsewhere on the web -