Category Archives: Syndicated
The World’s Largest Hedge Fund Had a Huge Quarter Betting Against the Euro
Bloomberg – Ray Dalio’s dire view on Europe is paying off. His Bridgewater Associates, the world’s largest hedge fund, climbed about 14 percent this year through March in one of its strategies, according to a person familiar with the matter. […]
Hedge funds return 2.4 pct in Q1, beating broad stock index -HFR
Reuters – The average hedge fund climbed 2.4 percent during the first quarter, handily beating the broader stock market, according to industry data released on Wednesday and giving the exclusive industry a dose of good news after months of lackluster […]
Hedge fund says BNY Mellon is ‘bloated’ with 10,000 excess staff
Reuters – Activist hedge fund Marcato Capital Management on Tuesday said BNY Mellon Corp’s employee base is “bloated” and disproportionately larger than its rivals. Marcato, which owns about 1.6 percent of BNY Mellon’s stock, previously has called for the ouster […]
Hedge Funds Bet Big on PetSmart Price Bump
WSJ – A hedge-fund investing strategy aimed at squeezing more money from corporate takeovers has its biggest test yet: PetSmart Inc. The specialty retailer’s recent $8.25 billion buyout has drawn big bets from several well-known hedge funds, which bought shares […]
Blind hedge fund trader and others trying to change the world
HITC – The World Economic Forum has named its “Young Global Leaders” – including many financial types – and expect them to be forces for global good. A blind hedge fund trader in London, a former fighter pilot who now […]
Rare disease specialist dismisses hedge fund’s attack on two patents
InVezz – Rare disease specialist Shire Plc (LON:SHP) today rebuffed claims that it does not have grounds to maintain patents on its Lialda and Gattex medicines. The claim was made by US hedge fund Hayman Capital Management. While acknowledging the […]
Bonderman’s Wildcat Family Office Backing Hedge Fund for Masses
Bloomberg – David Bonderman amassed a $3 billion fortune in private equity for sophisticated investors. He’s now selling hedge fund strategies to the masses. Bonderman, whose TPG Capital has owned companies such as Continental Airlines and retailer J Crew Group […]
Why You Should Worry About Your Fund Manager’s Love Life
WSJ – When managers of hedge funds get divorced or married, it’s bad news for their investors. Their asset returns are likely to suffer. Worse still, the pain could last years. That is the conclusion from a working research paper […]
Wall Street Law Firms Challenge Hedge-Fund Deal Tactic
WSJ – A group of large Wall Street law firms have banded together in an unusual bid to clamp down on a popular hedge-fund strategy aimed at squeezing more money from corporate takeovers. Seven firms—including Cravath, Swaine & Moore LLP; […]
RadioShack’s Blueprint for a Rebirth, Planned by a Hedge Fund
NYT – A day after RadioShack’s narrow escape from liquidation in bankruptcy court, Soohyung Kim, the financier who led the contentious rescue, retreated to a back office to make a conference call with the chain’s almost 2,700 workers, vendors and […]
Hedge Funds Pare Russell 2000 Shorts as Cost of Protection Drops
Bloomberg – Hedge-fund managers, a group of investors who lost faith in small-cap stocks last year just before they plunged, are now shedding their bearish bets prior to first-quarter earnings. Large speculators pared their short positions in futures tied to […]
This hedge fund wants to profit off your tweets
Fortune – Hedge fund managers are looking in an unlikely place for stock tips: your Twitter feed. Tashtego, a hedge fund firm based in Boston, is setting up a Social Equities Fund, which will based its investment decisions on consumer […]