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Bloomberg Daybreak: Europe Edition
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The Hedge Funds Feud: The Worst Argument Ever
Stephen Hambley talks about a $60 billion feud between two Sigma hedge funds. The firm's founders John Overdeck and David Siegel have to agree on most decisions according to people familiar. It is listed as a material risk that they can't agree anymore in the company's latest filings. But Bloomberg's Matt Levine says there has been no material impact on the firm's bottom line from this disclosure.
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