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How Donald Trump lost cash in 18 of his 21 hedge funds... and why he may lose even more this year
He might say he’s one of life’s winners but even Donald Trump is not immune to shifts in the market. The outspoken billionaire and presidential hopeful lost money on 18 of the 21 hedge funds he backed last year, new analysis shows. And a tumultuous start to 2016 has seen 17 of them fall in value since the New Year. In total, the businessman – who boasts that his IQ ‘is one of the highest’ and he is a ‘really smart guy’ – has invested in 23 funds worth £85.7million. Calculations by Reuters suggest they lost an average of 8.5 per cent last year, strongly outperformed by the industry as a whole which ... (full story)
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