Category Archives: Syndicated
Group Led by Former Fund Manager Acquires Majority of Biotech Firm
(New York Times) Martin Shkreli, the brash pharmaceutical executive whose abrupt fiftyfold increase in the price of an old infectious disease drug sparked an uproar, has acquired a majority of the shares of a publicly traded biotechnology company that was […]
Masters of the Finance Universe Are Worried About China
(Bloomberg) David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin Hood Investor’s […]
Hedge Funds Scared of China Risks See Yuan Devaluation
(The Edge Daily) David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin […]
Hedge Funds Are Back to Bearish on Gold as Price Slump Deepens
(Bloomberg) Hedge funds are betting gold’s decline is far from over, as the metal’s month-long slide deepened on expectations for higher U.S. interest rates. Prices are trapped in their worst rout since July as Federal Reserve officials talk up improvements […]
Hedge Fund Exit Requests Rise in November
(Reuters) Investors flagged their intention to shift more money out of hedge funds in November as they adjusted positions before the year-end, data showed on Friday.The SS&C GlobeOp Forward Redemption Indicator – withdrawal requests expressed as a percentage of assets […]
John Paulson Sells Stake in Broadcom, Cuts Cablevision Holding
(Nasdaq/GuruFocus)John Paulson is the president and portfolio manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the third-largest hedge fund in the world, managing approximately $29 billion and focusing on merger, event and distressed strategies.The […]
US Hedge Fund Doubles Stake In Rolls-Royce
(The Guardian)A US activist hedge fund has turned the screw on Rolls-Royce by nearly doubling its stake in the struggling aircraft engine maker to 10%. California-based ValueAct has been pushing for change at Rolls-Royce since acquiring a 5.4% stake in […]
Goldman Said to Raise $1.3 Billion to Buy Hedge Fund Stakes
(Bloomberg) Goldman Sachs Group Inc. has raised $1.3 billion for its second Petershill fund that buys stakes in hedge fund firms, beating its initial target, according to a person with knowledge of the matter.The bank started raising money for Petershill […]
Ackman’s Pershing Square Holdings off 24.5 Percent YTD
(Reuters) Billionaire hedge fund manager William Ackman’s Pershing Square Holdings portfolio has lost 24.5 percent this year, extending its fall this week as its biggest holding, Valeant Pharmaceuticals, declined further, the company said on its website. Valeant’s stock price (VRX.TO) […]
As Biggest Hedge Funds Stumble, One Currency Manager Gains 21%
(Bloomberg) In a year when the world’s biggest hedge funds are suffering losses and closures, one asset manager is trouncing rivals by betting on currencies — without taking a view on their direction. Quaesta Capital AG, a hedge fund based […]
U.K. Fund Management Industry Swells to Record $11 Trillion
(Bloomberg) Assets overseen by U.K. fund managers swelled to a record 7.1 trillion pounds ($11 trillion) in the first half of 2015, according to TheCityUK. U.K. funds under management increased as much as 5 percent in the period and are […]
Hedge funds go hog wild on government bonds
(CNBC) As many market participants focused on the increased changes for a long-delayed interest rate hike, hedge fund managers loaded up on government debt. As a whole, the industry bought 10-year Treasury notes at the fastest clip in more than […]