Plus500 just suspended its shares on London’s junior AIM market after a further 28% price drop on Friday. Plus500 tanked 37% on Monday after the trading firm suspended thousands of accounts while it carried out anti-money launderingShow More Summary
Earlier this week, the ECB’s Benoit Coeure pulled a Janet Yellen and told a non-public audience of hedge funds that because markets are usually less liquid in the July-August “lull”, the central bank would be “slightly” front-loading PSPP purchases in May and June. Show More Summary
Hedge fund managers are rushing into health care stocks like Actavis, now the most popular hedge fund stock in America.
With stocks crossing new highs ever so often these days, going short can be tricky. And traders at the big hedge funds have their targets on stocks they believe will tumble. Goldman Sachs' latest Hedge Fund Trend Monitor identifies 50...Show More Summary
Hedge fund manager Whitney Tilson, the founder of Kase Capital, is short Lumber Liquidators and has been vocal about alleged safety issues regarding the company's products. He was also featured in the "60 Minutes" investigation backShow More Summary
Recently the office of Scott Stringer, New York City's Comptroller, released a widely-covered report confirming what many in the pension world have been realizing: high-priced investments in hedge funds and private equity have not only failed to beat the market, they have cost the city pension funds billions. Show More Summary
Hedge funds remain overloaded with shares of Actavis (ACT), Apple (AAPL) and Facebook (FB), but can thank small-caps and energy stocks for decent performance so far this year. Goldman Sachs’ (GS) Ben Snider and team summarized first-quarter hedge fund positioning in the wake of last week’s filing dump, as well as performance trends, on Thursday. [...]
Jeb Bush, fine. Everyone else: JFC.
Notoriously press-shy fund manager Steve Cohen appears to be trying to rebrand his super-secretive hedge fund after a couple of difficult years. In a surprising move, Cohen's Point72 Asset Management (formerly SAC Capital) allowed reporters...Show More Summary
The 50 largest hedge funds increased their exposure to stocks by 5.3% in the first quarter, according to FactSet. That's a jump from 1% in the fourth quarter, according to the firm's latest data on hedge fund ownership published Wednesday. Apple was still the largest holding in the aggregate portfolio, with 1.8% of all equity holdings. Show More Summary
Once-Unthinkable Criminal Pleas by U.S. Banks Get Investor ‘Meh’ (BBG) The E-Mail That Helped Catch Barclays: ‘ISDAfix Is Manipulated’ (BBG) ECB scraps embargoed media speeches in wake of hedge fund storm (Reuters) CFTC Said Preparing...Show More Summary
If you're rich, there are all kinds of things you can do with your money -- besides spending it, that is. You can turn it over to the manager of a hedge fund. You could bet on a Picasso. You could buy bonds if you're particularly worried about losing your money. If you're not, then you could become an angel investor […]
It's a total game-changer
Hanergy's plunge is a victory for sure, but hedge fund manager John Fichthorn is not in a mood to celebrate: He's been placing an order to short six million Hanergy shares every single morning since May 12 to no avail.
There is a mountain of evidence that investors can’t do better than the market. Yet there are plenty of people who are willing to sacrifice part of their retirement savings by betting that they can pick managers who will outperform the market on their behalf. It has often been said that [...]
“People aren’t getting a fair shake. Something is wrong when CEOs earn more than 300 times than what the typical American worker earns and when hedge fund managers pay a lower tax rate than truck drivers or nurses.” — Hillary Clinton, Cedar Falls, Iowa, May 19, 2015 “There’s something wrong when the average American CEO makes […]
There's been some drama surrounding activist hedge fund investor Carl Icahn and his considerable (~$6.8 billion) stake in Apple. On Monday, Icahn published a letter to Apple CEO Tim Cook and argued that the stock was worth $240 per share. Show More Summary