Monthly Archives: March 2018

Einhorn’s Greenlight Hedge Fund Down 12% After February Loss

(Bloomberg) David Einhorn’s main hedge fund at Greenlight Capital fell 6.2 percent in February, extending losses to 12.3 percent this year, according to a client update seen by Bloomberg. The S&P 500 Index lost 3.7 percent in February including reinvested […]

Ackman Ends Public Battle With Herbalife, Takes Stake in United Technologies

(Reuters) Six years ago, billionaire investor William Ackman wagered $1 billion that Herbalife’s stock price would tumble to zero after publicly calling the nutrition company a fraud in a three-hour presentation before investors, analysts and the media. On Wednesday there […]

A Five Star Win in Italy Could Mean Pain for Bondholders

(Bloomberg) Italian bond spreads could blow out to levels not seen in five years should a euroskeptic alliance come to power. Though analysts are only assigning a 10 percent chance to the possibility of such a coalition dominated by the […]

Asian Stocks Fall as Traders Await Powell Hearing

(Bloomberg) Asian stocks started March on a weak footing after U.S. shares tumbled in afternoon trading Wednesday. Treasuries and the dollar steadied as traders awaited a second appearance from Federal Reserve Chairman Jerome Powell, whose comments riled markets earlier this […]

Top Hedge Fund Manager Philippe Laffont Says A.I. Will Transform Intel And Twitter

(Forbes) Artificial intelligence technology is turning around semiconductor giant Intel INTC -1.26% after a fifteen year stretch of underperformance and it could help Twitter TWTR +1.72% become a $100 billion-to-$200 billion company within the next decade, according to top performing […]

Viking Hedge Fund Moves Into Big Data Following Other Tiger Cubs

(Bloomberg) Andreas Halvorsen, who heads one of the largest and oldest equity-hedge funds, is stepping into the world of big data. The $25 billion Viking Global Investors has hired a small team to build a big-data platform, according to a […]

Hedge Funds Gain Another Avenue to Bet Against Bitcoin

(CNBC) As institutional demand grows for cryptocurrencies, Genesis Global Trading is launching a digital currency lending business called Genesis Capital to enable investors to borrow bitcoin, ether and others for a fixed amount of time. One of the uses will […]

Man Group Needs to Feed its Inner Shark

(Bloomberg) Hedge funds regained their mojo last year, with Hedge Fund Research’s index of global managers showing positive returns every single month for the first time since at least 2010. And Man Group Plc, the largest publicly-traded hedge fund, is […]

Decentralized Hedge Funds’ Ripe For Volatile Cryptocurrency Market

(Forbes) While individual investors share differing opinions on the cryptocurrency market, the market’s volatility is a dream come true for hedge funds….” To read this article:

Jupiter Fund Management Justifies Higher Fees as It Beats the Robots

(The Standard) JUPITER Fund Management says it is still justifying its higher fees, even as regulators and consumers campaign for lower costs….CEO Maarten Slendebroek says 81% of its funds are beating the market over three years. That puts it in […]

Hedge Funds Stick With Growth and Momentum Favorites

(Seeking Alpha) Technology remains the largest portfolio weight in hedge funds followed by Financials. The most concentrated hedge fund stocks have lagged the S&P 500 year-to-date following unusually weak returns in 2017. Hedge funds started 2018 with near-record leverage and […]

Pastor Charged With Defrauding Retirees

(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze obtained against a Michigan-based pastor accused of exploiting church members, retirees, and laid-off auto workers who were misled to believe they were investing in a […]