Some hedge funds operate like a simple mutual fund, others may be much more esoteric. Dave Zier, the CEO of Convergent Wealth Advisors, breaks down the complexities and explains who may benefit from these investment vehicles.
Your evening reading: Valuation variations for S&P 500 stocks are near record lows. Lu Wang and Joseph Ciolli, Bloomberg. Three ETF predictions for the fourth quarter. Dave Nadig, ETF.com. Hedge funds reduced their bullish bets on gold to their lowest levels since June. Debarati Roy, BloombergBusinessweek. In case you missed it last week: Blackstone (BX) [...]
Okumus Fund Management, a New York-based hedge fund managed by Ahmet Okumus, recently filed its 13F with the U.S Securities and Exchange Commission. The fund revealed its holdings for the second quarter of 2014. The estimated value of the fund’s equity portfolio for the second quarter totaled $324.5 million, up from $229.2 million for the […]
David Einhorn’s Greenlight Capital Misses August Rally (InstitutionalInvestorsAlpha) David Einhorn‘s New York-based hedge fund firm Greenlight Capital missed August’s market move altogether. The firm’s three main funds gained between 0.2 percent and 0.4 percent for the month. Show More Summary
Compuware has agreed to sell itself to private equity firm Thoma Bravo for about $2.5 billion, finally bowing out after years under pressure by activist hedge fund Elliott Management.
Paul Tudor Jones’ Tudor Investment Corp is amongst hedge funds obliged to disclose its equity once per quarter. The fund declared, as of June 30, an equity portfolio worth more than $2.6 billion, following the purchase of 337 new stocks, the closing of 367 positions and increases in 393 of its preexisting holdings. In this […]
``Recently we discovered that the true culprit behind the May 2010 Flash Crash was not Waddell & Reed, but quote stuffing. The most recent revelation for Citadel is that quote stuffing is not just some byproduct of some "innocuous" HFT strategy, ''
Passive funds an active threat for Europe’s fund managers (Reuters) Warren Buffett built a fortune of nearly $60 billion from astute stock picking, but when the 83-year-old dies, the vast majority of the money he leaves his wife will be parked in a fund that simply moves in step with an index. The afterlife plans […]
As regular readers are well aware, when it comes to "more than arms length" equity market intervention in New Normal markets, the New York Fed's preferred "intermediary" of choice to, how should one say, boost investor sentiment aka "protect from a plunge", is none other than Chicago HFT powerhouse, Citadel. Show More Summary
Tom Steyer the billionaire hedge fund manager turned enviro-political activist is spending big bucks to sway voters toward pro-climate-action democrats in the midterm elections this fall, but some are questioning the factual integrity of ads sponsored by Steyer’s super PAC NextGen. read more
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Tom Steyer, the former hedge fund honcho who is now a billionaire focusing his energies on environmental activism, acknowledged on Thursday that he will spend $1 million to support Democrats in California in 2014 who fight for environmental causes as well as voter registration. Show More Summary
Hedge fund titan Bill Ackman, the CEO of $14 billion Pershing Square Capital, is sponsoring sixteen-year-old tennis phenom Francis Tiafoe. Tiafoe, a top ranked junior, won his first Grand Slam main draw match in doubles this week at the U.S. Show More Summary
Warren Buffett betrays America (SLTrib) It must have been a bitter moment for President Barack Obama when he got the news that his favorite economic guru not only doesn’t like paying taxes but hates America. Warren Buffett, whose eponymous rule was a staple of Obama’s 2012 re-election campaign, is underwriting Burger King Worldwide Inc (NYSE:BKW)’s […]
Pavle Sabic, financial risk manager at S&P Capital IQ, in an interview on CNBC discussed the stocks that hedge funds have been most bulish on. The top company is Allergan Inc. (NYSE:AGN), with total value of shares purchased by hedge funds amounting to $1.4 billion, followed closely by Apple Inc. (NASDAQ:AAPL), which shows no ambivalence, […]
By Shock Exchange: Picture: Carl Icahn. Source: tex.org Herbalife, Inc (NYSE:HLF) has been the subject of dueling masters of the universe - legendary investor Carl Icahn on the long side and hedge fund manager Bill Ackman on the short side. Show More Summary
Structured Portfolio Management has agreed to pay a $300,000 penalty to resolve the SEC's allegations of a compliance failure at that the Stamford, Ct., hedge fund firm that could have led to improper trade allocations.
It's the latest startup to attract hedge funds, mutual funds and other public-market investors moving into private deals.