HSBC Sets Aside $378M For Forex Probe

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(Reuters) – HSBC Holdings missed expectations with a 12 percent drop in underlying third-quarter earnings and set aside $378 million (236.29 million pounds) to cover a potential fine from the UK regulator for alleged manipulation of currency markets. Europe’s largest bank blamed higher costs, up 6 percent, for the slide in earnings. In addition to the…

HSBC Sets Aside $378M For Forex Probe

Black Bear Value Fund January 2021 Update

Black Bear Value FundBlack Bear Value Fund performance update for the month ended January 31, 2021. Q4 2020 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear Value Fund, LP (the “Fund”) returned +1.1%, net, in January. The HFRI returned +0.7% in January. The S&P 500 returned -1.0% in January. Statements should be arriving by Read More


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