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Wednesday, 2 August 2017

New hedge fund is named after an ancient Egyptian goddess, but you want to hope they don’t want to invest in you

Who knew there was an ancient Egyptian goddess of math, accounting and knowledge? Her name was apparently Safkhet, and she’s the namesake for a new hedge fund out of the US of A. Don’t hope for investment: Founder Fahmi Quadir says her edge is identifying shorts with accounting or other irregularities “that could cause a stock to lose more than 60 percent of its market value,” Reuters reports.

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