Hedge fund founder Rob Citrone made more money for himself in 2024 than billionaires Bill Ackman, Andreas Halvorsen and Paul Singer as killer returns at his 26-year-old fund, Discovery Capital Management, made him an estimated $730 million. That payday ranked him No. 9 on Bloomberg’s annual list of the best-paid hedge fund founders and marks his first appearance since the ranking’s inception in 2019. Tom Maloney has more.
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Jun.17 — Susheel Kirpalani, bankruptcy chair at Quinn Emanuel, outlines Puerto Rico’s potential $35 billion restructuring plan to exit from its record-breaking bankruptcy. He speaks on “Bloomberg Daybreak: Americas.”

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Panama’s President José Raúl Mulino has rejected Donald Trump’s threat to reimpose US control over the Panama Canal, saying sovereignty over the waterway is not negotiable. Trump earlier claimed that the canal is “falling into the wrong hands” and implied that the US could take control of it. Bloomberg’s Jill Disis reports.
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“President Trump prefers the peace approach, but we’ve got the military assets to drive flows even without peace,” says US Energy Secretary Chris Wright on keeping energy supplies moving amid geopolitical tensions.

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“This is like the wizard is telling you something is rotten in Oz,” says Former US State Secretary Antony Blinken on AI industry leaders sounding warnings about the risks of their own technology.

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