PointState Hedge Fund Hit by $2 Billion of Estimated Withdrawals.

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    • Abstract:
      Zach Schreiber's PointState Capital has suffered an estimated $2.1 billion of redemptions so far this year amid lackluster performance and as the coronavirus pandemic tears through markets. Schreiber tried unsuccessfully last year to raise money from investors to replace what had been lost from investments and client withdrawals, and he cut some of the 90 employees in a move to simplify the business and help generate better returns. [Extracted from the article]
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