(Pension & Investments) Bridgewater Associates LLC is the first money manager to have instituted a dual-party valuation process for its complicated suite of hedge fund and long-only portfolios with aggregate assets of $150 billion, achieving its goal of having iron-clad […]

(Pension & Investments) Rather than grasping for straws in the face of lackluster market conditions, fundamental equity and multistrategy hedge fund managers are grabbing quantitative specialists to help them interpret macro trends and hopefully improve returns. Hedge fund managers as […]

(Hedgeweek) July saw positive performance across the majority of asset classes as markets rebounded after the Brexit turmoil. The MSCI World Index returned 4.3 per cent whilst the Barclays US Aggregate Bond Index returned 0.6 per cent, pushing both indices […]

(Harvest) A lot of people are really uncertain as to how this all ends and they keep on trying, and as they try, particularly Central Banks, we’ve expanded the credit base so dramatically that potential black swans are places like […]

(Bloomberg) Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income more than tripled to $53.4 million, or 51 cents […]

(Reuters) Hedge fund Balyasny Asset Management (BAM) is closing a $250 million “discretionary” portfolio run by Torbjorn Andreassen who is leaving the firm, a source told Reuters on Thursday. BAM manages a total of $12 billion, primarily in its Atlas […]

(Reuters) Hedge fund veteran Kenneth Brody has come out of retirement to launch a new money management firm, a person familiar with the situation told Reuters on Thursday. Brody, who co-founded Taconic Capital Advisors and retired in 2013, has reemerged […]

(Bloomberg) Citigroup Inc. expects hedge funds to bet on rising natural gas by the end of the year as strong demand and slowing production help push prices toward the mid-$3 range in 2017. Money managers will probably hold more long […]

(Bloomberg) The New Jersey Investment Council voted to cut its target allocation to hedge fund managers by 52 percent, following similar moves by pensions in California and New York. The New Jersey council on Wednesday unanimously approved a fiscal 2017 […]

(Bloomberg) American International Group Inc. reduced bets on event-driven and long-short strategies as the insurer scaled back hedge fund investments. Event-driven holdings were cut 41 percent to $700 million, while investments in long-short declined 25 percent to $2.24 billion in […]

(Bloomberg) In a disappointing year for hedge funds that invest in the riskiest debt, one distressed firm — Mudrick Capital Management — is flying high. Mudrick Capital’s flagship hedge fund handed investors a 26.8 percent return in the first seven […]

(Reuters) Billionaire investor William Ackman has exited his hedge fund’s investment in railway company Canadian Pacific CP.TO, freeing up roughly $1.5 billion in cash to make other future investments. Pershing Square Capital Management and Canadian Pacific Railway Ltd on Wednesday […]