DOJ Investigating Moody’s Over Subprime Mortgage Ratings

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DOJ Investigating Moody’s Over Subprime Mortgage Ratings

Moody’s Investor Service is under investigation by the Justice Department for issuing favorable ratings to securities backed with the risky subprime loans that fueled the 2008 financial collapse. Justice Department officials have met with former Moody’s executives in recent months to gather information on the credit rating firm’s practices leading up the recession that began in…

Southpoint Capital Returns 28.6% In 2020 Thanks To Recovery Bets Like Uber [Exclusive]

Southpoint CapitalLong/short equity fund Southpoint Capital returned 14.7% in the fourth quarter of 2020, and 28.6% for 2020 as a whole, that's according to a copy of the firm's annual letter to investors, which ValueWalk has been able to review. Q4 2020 hedge fund letters, conferences and more This return compared to a 12.1% gain in Read More


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