Investors pulled $10.3 billion from hedge funds in September, according to a report released on Wednesday by eVestment. In the third quarter, eVestment says hedge funds experienced a net of $29.2 billion of redemptions.
David Tepper, founder of Appaloosa Management, needs little introduction. After leaving Goldman Sachs to start his $19 billion hedge fund in 1993, he's had one of the best track records on Wall Street. Some have called him the greatest...Show More Summary
Earlier this month, Deutsche Bank stock was shaken following a Bloomberg report that Deutsche Bank's hedge fund clients had withdrawn billions in margin cash from the bank's prime brokerage unit, adding a shade of liquidity concerns to the bank's ongoing capitalization woes. Show More Summary
More investors are redeeming from hedge funds, according to an eVestment report released on Wednesday. Investors pulled about $10.3 billion from hedge funds last month, bringing the net total of the amount investors have yanked thisShow More Summary
The average Joe needs to get out of the markets, according to former hedge fund manager Raoul Pal. "There’s no point in playing right now," Pal, the founder of Real Vision TV and Global Macro Investor, told Business Insider's Matt Turner...Show More Summary
Hedge funds' massive underperformance isn't just because funds are no longer hedging against market moves. The post Here’s Why Hedge Funds Are Poised for a Comeback – and Why It Matters to You was originally published at The Wall Street Examiner. Follow the money!
Americans have a big decision to make in next month's presidential election, but markets don't seem to know how to account for it, according to Raoul Pal, a former hedge fund manager. "Volatility is way too low considering the outcomes...Show More Summary
The Ballad of The Mooch is now available in print!
Lyxor’s Philippe Ferreira and his team check in with commodity trading advisor (CTA) hedge funds, finding that they’ve been reducing bond exposure as Treasury yields rise. Fixed income markets have been under pressure, given the looming specter of a December rate hike, while higher energy prices have helped boost bond yields and inflation ticked up last month.
A hedge fund manager who ran money for one the world's biggest funds has a warning for those considering following his path: Don't bother. "It's a pretty miserable industry," said Raoul Pal, who comanaged the GLG Global Macro Fund in London for GLG Partners and retired at 36 in 2004. Show More Summary
Preqin is out with its quarterly report on hedge fund industry launches, finding that of the 118 hedge funds launched worldwide through the third quarter, North America-based funds accounted for 76%, a new 12-month high. By contrast,...Show More Summary
Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conferencetypically pitch one or several of their favorite stocks, which together have had a solid record. [...]
Matea Gold for WaPo on an unusual plutocrat: The Florida-based investor said he has contributed $40 million to Democratic super PACs and allied groups in 2016, double what he had planned to spend at the beginning of the election. He said … Continue reading ?
And dying from a form of cancer that attacks alpha generation, they say.
If your visions of high-profile hedge fund managers include frenetic scrambling through paperwork, fielding endless phone calls, and scouring the Internet during never-ending workdays, those don't apply to Steve Edmundson, the investment head of Nevada's $35 billion Public Employees' Retirement System, the Wall Street Journal notes. Where other states' retirement...