Monthly Archives: May 2017
Third Point’s Loeb Surfs on as Hedge Fund Washout Continues
(Reuters) Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money […]
Anthony Scaramucci, Hedge Fund Showman, Finds Himself in Limbo
(CNBC) Mr. Scaramucci sold his stake in SkyBridge Capital, his hedge fund of funds business, early this year, leaving him without a financial institution to his name. His hoped-for job in the Trump administration did not materialize. And an effort […]
George Soros Has Added to His Losing Bets Against the Stock Market
(CNBC) Billionaire investor George Soros has upped what so far has been a losing bet on the U.S. stock market, according to recent filings. The hedge fund manager and active supporter of progressive causes added bearish options plays to his […]
Steven Cohen Makes a Comeback at Premier Hedge Fund Conference
(New York Times) The billionaire investor Steven A. Cohen may be barred from managing outside money until next year, but he has already hinted that he plans to get back into the hedge game. The most telling sign yet? Mr. […]
A Hedge Fund Manager is Supporting a Free Master’s Program in Financial Engineering
(The Business Insider) A hedge funder is supporting a free master’s degree program in a field that’s integral to Wall Street’s future. Igor Tulchinsky, the founder of WorldQuant, a New York-based quantitative hedge fund, founded WorldQuant University last year. The […]
Leon Cooperman’s Omega Settles with SEC; ‘No Restriction on my Ability to Invest’
(CNBC) Leon Cooperman’s Omega Advisors has settled with the U.S. Securities and Exchange Commission for $4.9 million. The hedge fund admitted to no wrongdoing and chairman and CEO Cooperman will not be barred or suspended from the industry.”I look forward […]
The World’s Largest Hedge Fund Told Clients That US Stocks May Drop 11% if Trump Is Impeached
(The Business Insider) Bridgewater Associates, the world’s largest hedge fund, told clients that US stocks may drop more than 10% if President Trump is impeached. In a note sent out May 18, Bridgewater’s Greg Jensen and Jason Rotenberg set out […]
Time Up on Trump Trade, Hedge Funds Look Ahead
(Reuters) Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. After months of gains fueled by the Trump administration’s promises of […]
Pershing’s Ackman Tells Hedge Fund Managers About His Biggest Investment Mistake
(The Street)Embattled activist industry Bill Ackman on Thursday told hedge fund managers that his single biggest mistake with a particularly troubling large investment in Valeant Pharmaceuticals (VRX) was to rely on management at the drug company. “We don’t need to […]
U.S. Hedge Funds Took Profits Out of Brazil in the First Quarter
(Bloomberg) It looks like a smart move in retrospect. U.S. hedge funds reduced equity holdings tied to Brazil by about a net total of $800 million from the start of the year to end of March, according to data compiled […]
China Plans to Open Up Commodity Trading to Foreigners to Bring Down Prices
(Bloomberg) China buys more raw materials than any nation, but that doesn’t mean it always gets the best prices. So the government is altering domestic commodity exchanges to bring in more foreign investors and expand the country’s influence on global […]
Ex-Goldman Trader Speaks Out After Shutting Asia Hedge Fund Startup
(Bloomberg) After deciding to shutter his hedge fund following a slump in returns, former Goldman Sachs Group Inc. trader Leland Lim is in search of some answers.Lim’s Hong Kong-based Guard Capital Management, one of Asia’s most successful hedge fund startups, […]