Monthly Archives: September 2017

(The Business Insider) A fleet of Evgeny “Gene” Freidman’s foreclosed taxi medallions sold on Monday in a closed-door auction taking place in a Queens, New York hotel….The individual bidders behind buyer MGPE Inc. are not identified in court filings but […]

(CNBC) David Stemerman is winding down his hedge fund firm to explore a run for governor of Connecticut, according to a letter sent to clients of Conatus Capital Management LP on Tuesday. “Connecticut – home to my family and business […]

(Harvest) Since the lows of the global financial crisis in March 2009, U.S. stocks (proxied by the S&P 500) have returned 270%, or 16.8% annualized, outpacing every other major market over that period. Contributing to that outperformance were highly differentiated […]

(Bloomberg) Stephen Mandel, who started Lone Pine Capital two decades ago and boasts one of the best long-term track records in the hedge fund industry, is stepping back from day-to-day portfolio management in January 2019. Mandel, 61, told investors in […]

(FINalternatives) Structured credit specialist Palmer Square Capital Management has closed its sixth collateralized loan obligation of the year, bringing the company’s 2017 tally to nearly $1 billion across four static CLOs and $2.5 billion issued across five managed CLOs. To […]

(FINalternatives) Hedge funds rose broadly last week as risk-on sentiment remained in place, according to new research from Lyxor Asset Management, with all substrategies tracked by the firm ending the period in the green. To read this article:

(Bloomberg) Pine River Capital Management is closing its master fund after a wave of client withdrawals that would bring assets below $300 million, according to people with knowledge of the matter. The fund, which started in 2002, had about $1 […]

(Bloomberg) Of all the hedge fund world’s secrets, few are more closely guarded than the inner workings of Bridgewater Associates Inc. Now, founder Ray Dalio plans to share his management system and corporate culture with the world. “We’re about to […]

(FINalternatives) As the dust settles from Anthony Scaramucci’s record-setting tenure as White House Communications Director, the sale of his alternative asset manager Skybridge Capital appears to still be on track. To read this article:

(Bloomberg) The post-Harvey buzz over fuels is making U.S. crude look like the poor stepchild of hedge funds. Since the storm battered the heart of America’s refining industry last month, bets on rising gasoline and diesel prices have surged for […]

(Harvest) Some characterize the current economic climate as one lacking demand-driven pricing power, but we think that is a misapprehension of dynamics at play today. Rather, we think we’re in the midst of one of the greatest supply-side-driven cost revolutions […]