Monthly Archives: May 2018
Ray Dalio Joins Hedge Funds Buying Cliffs After Trump Tariffs
(Bloomberg) Cleveland-Cliffs Inc., the top U.S. iron-ore producer, is reaping the gains from U.S. President Donald Trump’s steel tariffs. Hedge funds including billionaire Ray Dalio’s Bridgewater Associates LP have taken notice. Money managers increased their position in Cliffs by 13.9 […]
Pershing Square’s Vice Chairman Fraidin to Leave Hedge Fund
(Reuters) Stephen Fraidin, a lawyer who joined Bill Ackman’s Pershing Square Capital Management as vice chairman in 2015, is leaving the activist hedge fund, Ackman told investors on Tuesday. Fraidin, who was most recently a partner at Kirkland & Ellis […]
Meet Tesla’s New Bondholder: Billionaire George Soros
(Reuters) The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc (TSLA.O) bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.Soros Fund Management […]
Third Point Exits Macerich, Honeywell, Time Warner; Adds Wynn
(Bloomberg) Third Point, the activist fund run by Dan Loeb, exited a series of high-profile positions during the first quarter, including stakes in Honeywell International Inc., Time Warner Inc., MGM Resorts International and U.S. mall owner Macerich Co. The New […]
Hedge Funds Bet on Big Turnaround by Italy’s Mid-Tier Banks
(Reuters) Major hedge funds have picked Italian mid-tier banks as one of Europe’s few remaining recovery plays, betting they will shed billions of euros in bad loans. Europe’s 2010-2012 debt crisis left Italy’s banks with among the euro zone’s biggest […]
Carolina Panthers Set to be Sold For NFL Record $2.2bn to Hedge Fund Owner
(The Guardian) The Carolina Panthers are being sold for an NFL-record $2.2bn. Hedge fund manager David Tepper has agreed to buy the Panthers from team founder Jerry Richardson, a source has told the Associated Press. The purchase is subject to […]
Appaloosa, Coatue and Citadel Led Fund Exodus From FAANGs
(Bloomberg)The FAANGs have been losing their bite. Hedge funds were net sellers of all the tech giants but Facebook Inc. in the first quarter, according to preliminary data compiled by Bloomberg. Billionaire David Tepper — who tripled his stake in […]
Hedge-Fund ETFs Put Sophisticated Strategies in Reach
(GlobeandMail) Hedge funds are the playground of well-heeled and institutional investors. But lower-fee exchange-traded funds (ETFs) offer similar strategies. While earning hedge fund-like returns in an ETF wrapper may be an enticing way to reduce risk or court strong performance, […]
Hedge-Fund Manager Stanley Druckenmiller Bets Big on Chip Stocks
(CNBC) Stanley Druckenmiller made big bets on semiconductor stocks during the first quarter, according to a regulatory filing released Tuesday. Duquesne Capital initiated positions in Intel, Micron Technology and Qualcomm. The fund bought 2.46 million shares of Intel, 2.19 million […]
Volcker Rewrite Only Widens Existing Loopholes
(Bloomberg) The Volcker Rule — which limits banks from risking their own, and more importantly, their depositors’, money on the trading floor — was always supposed to be a regulation that was all about what feels right. Former Federal Reserve […]
Tangency Capital Launches $50 Mln Reinsurance Hedge Fund
(Reuters) Hedge fund firm Tangency Capital launched last week with $50 million in assets under management to bet on the reinsurance market ahead of the next hurricane season, one of its three founding members told Reuters on Wednesday. Last year […]
The First Rule of Fixed-Income Investing? Protect The Downside.
(Harvest) Risk isn’t necessarily a bad thing — it can drive a bond portfolio’s returns. But it’s important to understand and balance the four main types of fixed-income risks to help reduce portfolio drawdowns, says Senior Portfolio Manager Gene Tannuzzo. […]
