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Citigroup is about to make a big new hire for its trading business

Mar 4, 2016, 00:23 IST

A trader signals an offer in the Standard & Poors 500 stock index futures pit at the CME Group February 20, 2009 in Chicago, Illinois.Getty Images

Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.

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Hedge funds have been getting crushed, and it is hurting everyone else in the market - funds that might have snapped up bonds as their prices fell are steering clear, says Mark Heppenstall, chief investment officer of Penn Mutual Asset Management.

DALIO: 'China is having a heart transplant' - Everyone is trying to make sense of what's happening in China's economy right now. The billionaire founder of Bridgewater Associates, Ray Dalio, is no different.

Bill Gross says capitalism, like the sun, is dying - except it will take less than 5 billion years to blow up.

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If you think China's stock bubble was nuts, look at what's now happening in its property market - FOMO is back, and it is driving ridiculous property price increases in some of China's largest cities.

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