Brexit brought a pair of painful days to the market—though stocks are higher Tuesday— but hedge funds largely avoided big losses in the turmoil. Of course not all hedge funds emerged unscathed, but HFR has new data out today showingShow More Summary
One of investment vehicles ordinary investors can use to play activist hedge fund investor Dan Loeb’s Third Point just got a little bit cheaper. Bloomberg’s Katherine Chiglinsky and Simone Foxman observe a filing that states Third Point...Show More Summary
George Soros, billionaire and founder of Soros Fund Management LLC, looks on during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 21, 2016. Bloomberg News Billionaire hedge fund investor and philanthropist George Soros keeps making news. This just in: he shorted Deutsche Bank (DB) on Friday. Soros sent a shiver […]
Joseph Mauro, the head of fixed income, currencies, and commodities European hedge fund sales at Goldman Sachs, is leaving the bank, according to people familiar with the matter. He is set to join a macro hedge fund in New York, according...Show More Summary
The hedge fund manager has declared himself (and his fowl friends) "the winner" of the Brexit.
Imagine walking into a boardroom, introducing yourself to the chairman — perhaps opening with an insult or a threat to make things very uncomfortable for the entire board — and then saying "time to do things my way." Oh, but while you're...Show More Summary
For those 17-year-old hedge fund managers used to BTFD on hopes corporate buybacks will "have their back" and provide the bid on which momentum-chasing HFT algos will piggyback, we have some bad news and some worse news. The bad news is that we are entering yet another quiet period for buybacks. Show More Summary
A hedge fund where the two founders were split on Brexit profited from the UK's decision to leave the European Union. A hedge fund run by UK-based Marshall Wace gained 0.5% on Friday, according to a person familiar with the matter. The...Show More Summary
Hedge funds edged lower in May after a rocky start to the year, and while some might expect them to take a big hit in June after Brexit, the industry was actually relatively insulated from the turmoil, new reports suggest. Plenty ofShow More Summary
Huge market tumbles stoke heavy trading in exchange-traded funds as traders unload and hedge core positions. Friday’s post-Brexit market swoon prompted a surge in U.S. equity volume (including ETFs), though ETF volume as a proportion of the overall market didn’t make the Top 10 record book, according to Sebastian Mercado, an ETF market specialist at Deutsche Bank. U.S. […]
Links to the best reading in funds investing: Dang: George Soros was “long” the sterling before its epic collapse — Francine Lacqua and Sree Vidya Bhaktavatsalam, Bloomberg A rundown of Brexit-related hedge fund performances — Lawrence Delevingne and Svea Herbst-Bayliss, Reuters A look at what the asset managers are thinking post-Brexit vote — Anna Kitanaka […]
A week ago, billionaire hedge fund legend George Soros warned Britons and investors of the consequences of a vote to secede from the European Union, predicting that a vote to leave would cause the pound and stock markets to crater, a selloff he dubbeda "black Friday." Soros, who reportedly made [...]
George Soros, Leon Cooperman and other top investors confidently predicted that Britain would remain in the E.U. Now they’re proceeding with caution.
Raoul Pal isn't a big fan of theoretical economics. The former hedge fund manager, who comanaged GLG's global macro fund and retired in 2004 at 36, f ocuses more on real-life economics. "I think trying to pretend everything is a science is a lunatic," Pal said in a video on Real Vision TV. Show More Summary
By EconMatters So called "Hedge Funds" who employ no real hedge fund strategies for the majority of their allotted fund capital are really just marketing themselves as Alpha Players to charge the 2 and 20, when based upon performance...Show More Summary
The UK has voted to leave the European Union, a shock decision that sent markets crashing on Friday. For a small band of hedge funds, the decision, and its impact on the market, led to outsized returns. The gains are especially noteworthy,...Show More Summary
One of the UK's most famous hedge fund managers, Neil Woodford, says that Brits need to look beyond the short-term fears hitting the markets following the country's vote to leave the European Union, and focus on the long-term gains that...Show More Summary
Here’s one way to do it. Bloomberg’s Will Wainewright reports that a London-based global-macro hedge fund manager conducted a private polling operation ahead of Brexit and, correctly, bet massively against the market based on his results. The flagship fund of Odey Asset Management, run by Crispin Odey, is reportedly climbing 15% on Friday. Gains were […]
Have a heart, Janet. Start a recession today.
Back in February, when the market was hitting its 2016 lows, we reported that not all was well in the "risk parity" world of the world's largest hedge fund Bridgewater. As we reported then, citing sources, the fund had lost over 4% in...Show More Summary