Monthly Archives: January 2019
Hedge fund D.E. Shaw’s flagship fund posts double-digit returns
(Reuters) – Hedge fund D.E. Shaw’s flagship Composite Fund returned 11.2 percent last year, according to a person familiar with the numbers. D.E. Shaw, which oversees roughly $50 billion, is one of a handful of firms to report double digit […]
Sears Preps for Liquidation as ESL Bid Fails
(Fortune)The retailer started laying the groundwork for a liquidation after meetings Friday in which its advisers weighed the merits of a $4.4 billion bid by Lampert’s hedge fund to buy Sears as a going concern. To read this article:
Hedge Funds Dump Crude and Diesel as Economic Outlook Darkens
(Reuters) Hedge funds are cautious on the outlook for oil prices, despite a slump at the end of last year, as fears about the global economy outweigh output cuts by OPEC and its allies. Fund managers cut bullish positions in […]
Bridgewater’s Pure Alpha fund posts nearly 15 percent gain in 2018
(CNBC) Bridgewater, the world’s largest hedge fund, posted returns for 2018 that not only outperformed benchmark indexes for various asset classes, but also many of its peers. The firm’s flagship Pure Alpha fund finished the year returning 14.6 percent net […]
Top Hedge Funds Rack Up $2 Billion in Losses on Their Apple Holdings
(Bloomberg) Eight hedge funds that own large stakes in Apple Inc. have seen the value of their holdings plunge about $2.13 billion since the company cut its revenue outlook. AQR Capital Management saw its holdings decline by about $732 million […]
Activist U.S. Hedge Funds Hurt by Late-Year Stock Tumble
(Reuters) Widely followed activist investors Daniel Loeb, Barry Rosenstein and William Ackman suffered heavy losses in December, when fears about trade battles and slower growth sent stocks spiraling lower. Many fund managers are still compiling annual returns, but early data […]
The Widowmaker Trade for Hedge Funds Strikes Again
(Bloomberg) The threat of a synchronized global economic slowdown has erased trillions of dollars of value from global stock markets in recent months. As they flee to the perceived safety of government bonds, investors are driving yields in many corners […]
Another Hedge Fund all Star Struggled Last Year with Dan Loeb Down 11%
(CNBC) Activist hedge fund manager Dan Loeb is another all star that struggled big time in 2018. His firm Third Point lost about 6 percent in December alone, bringing its yearly loss to about 11 percent, according to figures obtained […]
Hedge Funds Turn to Private Capital Playbook in Search of Assets
(Bloomberg) Hedge funds are trying on new stripes as the industry’s traditional investing style loses its luster. Dan Sundheim likes private equity. Tom Wagner seeks a drawdown fund. Steve Cohen eyes venture capital. To read this article:
What’s The Future Of Active Investment Management Firms?
(Valuewalk) Investment management firms are facing a number of pressures as they seek to generate profits and create value for their clients. Amid demands for greater returns and lower fees, technologically driven operational changes, new regulations, and the continuing move […]
Will GIPS Compliance Become The Norm For Alt Asset Managers in 2020?
(Valuewalk) With the 2020 GIPS (Global Investment Performance Standards) public comment period having come to a close, asset managers around the world are preparing to comply with the updated standards, the first update in a decade. Global consulting firm ACA […]
Steven Cohen Storms into Progenics Pharmaceuticals
(Guru Focus) Steven Cohen, manager of Point72 Asset Management, disclosed this week he took a position in Progenics Pharmaceuticals Inc. increasing his portfolio’s exposure to the health care sector. To read this article: