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David Einhorn is betting against Assured Guaranty

Report: Alternative Fixed Income

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Hedge fund manager David Einhorn is bearish on bond insurer Assured Guaranty . Assured Guaranty’s “pretax income looks likely to collapse,” he said at The Sohn Investment Conference in New York Monday. “The shrinking profits should pressure [share]buyback capacity … It’s a melting ice cube that is paying […]

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