"For hedge funds, this is an unmitigated benefit as their tax liabilities could drop significantly," said Robert Willens, an independent tax consultant. "Obviously, they are quite enthusiastic and there may be a few fist bumps alongShow More Summary
Last week, it was coffee speculators; this week it's Small Cap traders. Despite tumbling earnings expectations, the Russell 2000 surged to a new record high yesterday. However, as Bloomberg notes, if there’s one thing hedge funds became persuaded of in the last few months, it’s that the rally in U.S. Show More Summary
Hedge fund managers and private equity executives could benefit if a loophole Donald Trump promised to close is replaced by a lower corporate tax rate.
The 'smart money' was disastrously wrong... Having piled herd-like into near record-high bullish positions in Robusta futures (used in instant coffee) over the last year... Hedge funds face coffee carnage this week as the price for the...Show More Summary
Hedge fund Coatue Management showed that “big data” is both an investor tool and an investment target with its $27 million funding round for Domino Data Lab.
Six months after closing $10.5 million, data science startup Domino Data Lab has raised an additional $27 million in a round led by one of its hedge fund customers, Coatue Management.
U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on pledges for sweeping tax reform, on Wednesday unveiled plans...
State Street's marketing ploy isn't working on its customers.
Pippa Middleton is getting married on May 20 and people are already figuring out ways to crash her wedding. Middleton and her fiancé, hedge fund manager James Matthews, are exchanging vows at St. Marks Church in Englefield, Berkshire. Show More Summary
There's a great piece in the Wall Street Journal about how Wall Street's masters of the universe invest their own personal money through family offices, and how that can sometimes raise eyebrows across the industry. It's not hard to see why family offices can be a problem. Show More Summary
State Street reported a mixed first quarter, as earnings per share were better than expected, but revenues were slightly below consensus estimates.
A New York hedge fund that has the backing of Dan Loeb and Steve Cohen's family has had a strong start to the year. Honeycomb Asset Management's flagship fund returned 9.3% net of fees in the first quarter, according to a document provided to Business Insider by an investor. Show More Summary
Cerulli's data shows big inflows for ETFs, while stock market gains helped boost mutual fund assets.
Man GLG, a UK hedge fund overseeing $28.8 billion of assets as of March 31, is embracing machine learning. The group has created a new position titled "head of machine learning." The new role will oversee development of Man GLG's machine...Show More Summary
David Einhorn may write in his latest quarterly letter to investors that "from a portfolio perspective, this quarter was a quiet one" but based on his activity the famous poker playing hedge fund manager was quite busy. Among his various...Show More Summary
A highly-backed hedge fund that has struggled from its start says it is cutting costs as it continues to look for fresh money to buoy assets. Folger Hill Asset Management, a Leucadia and Schonfeld-backed hedge fund firm started by Steve...Show More Summary
Greenlight Capital's David Einhorn just laid out what's going on with his activist move on General Motors. Earlier this year, hedge fund manager Einhorn announced he had increased his position in the car company. The activist investor...Show More Summary
Remember when the catalyst for the relentless, seemingly inexplicable broad market melt-up in mid-February was revealed to be an overeager short-biased hedge fund, which had been caught in a "short gamma" feedback loop, forced to buy...Show More Summary
In one example of a change in strategy, Neuberger Berman sounded out hedge funds about investing in Whole Foods Market and pressing for change.