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The web blew up at the same time as the Reagan/Clinton/Bush financial bombs were detonating, leading to a huge private equity bubble in which super-wealthy Americans used debt financing and other forms of financial engineering to buy out successful c...

Philip Baker admitted that he defrauded his hedge-fund clients. He was sentenced to 20 years in federal prison. Then he devised an escape plan.

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The billionaire hedge fund manager William A. Ackman suffered a stinging rebuke on Tuesday when his campaign to shake up the $50 billion payroll-processing firm failed.

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Mr. Mercer has been a leader of Renaissance Technologies and is a benefactor of the former White House adviser Stephen K. Bannon.