Monthly Archives: April 2021
Fired fund manager Friess to battle AMG over Brandywine portfolios
(Reuters) Mutual fund manager Friess Associates plans to challenge its firing by asset manager Affiliated Managers Group and ask investors to reject the proposed transfer of more than $1 billion in funds to its successors, sources told Reuters. To read […]
GSAM survey says insurers with $13tn ready for portfolio risk
(Opalesque) Goldman Sachs Asset Management (GSAM) annual insurance survey revealed that asset managers responsible for investing more than $13 trillion in assets worldwide are planning to take on more risk as the global economy recovers. To read this article:
Ray Dalio is offering everyone a window into their own fragile psyches, free of charge
(Marketwatch) The billionaire hedge-fund manager turned self-help author is offering up a chance for Regular Joes to take a personality assessment worthy of employees at his $140 billion hedge fund, Bridgewater Associates, for free! To read this article:
Crypto inflows hit $4.9 billion as of mid-April -Coinshares data
(Reuters) Inflows into cryptocurrency funds and products hit $4.9 billion as of April 16, with the pace of increase slowing a bit in the first two weeks of the month after hitting record levels in the first quarter To read […]
Hedge fund assets soar to all-time high, fueled by record gains and booming investor confidence
(Hedgeweek) Global hedge fund industry assets swelled to a new record high of USD3.8 trillion in the first three months of 2021, as managers recorded their strongest quarter since 2000 and investors duly poured more capital into a broad selection […]
Preqin All-Strategies Hedge Fund Benchmark up 7.81% in Q1 2021 – best Q1 since 2006
(Opalesque) After a strong 2020, hedge funds’ performance in Q1 2021 continued its positive trajectory, according to the Preqin Quarterly Update: Hedge Funds Q1 2021, the latest hedge fund industry update provided by leading alternative asset data provider Preqin. The […]
Credit Suisse reports $275 million first-quarter loss after Archegos hedge fund scandal
(CNBC) Credit Suisse reported Thursday a net loss of 252 million Swiss francs ($295 million) at a time of increased pressure on the bank. The bank said the loss reflected a “significant charge with respect to the US-based hedge fund […]
Despite SPAC woes, record-breaking run of money into IPOs may continue
(CNBC) Venture capital is off to a sizzling start in 2021, though the market has hit some bumps lately that could be signaling a shifting landscape ahead. Early-year numbers have been eye-popping so far, with a record of $1 billion […]
Court Enters Final Judgment Against Investment Adviser Who Defrauded Retired Couple
(HedgeCo.Net) The U.S. District Court for the District of Connecticut entered a judgment against unregistered investment adviser Hai Khoa Dang for defrauding a retired couple who had been his advisory clients for 20 years. According to the SEC’s complaint, filed […]
Leon Cooperman declines Elizabeth Warren invite to testify at Senate hearing on taxes
(CNBC) Sen. Elizabeth Warren wants one of her biggest critics to face lawmakers in a hearing next week, but that encounter will have to wait. Warren, a progressive Democrat from Massachusetts, invited billionaire investor Leon Cooperman to testify before a […]
U.S. long/short hedge fund bets on return of value stocks
(Opalesque) From the March downturn through the end of 2020, growth stocks delivered a 1.5x greater return than their value counterparts. In 2021, the tables have turned: value stocks are pulling away to lead the market while the growth sector […]
Bitcoin rally this year is the start of going mainstream, not a bubble, says investor Bill Miller
(CNBC) Longtime value investor Bill Miller on Tuesday said he believes bitcoin is firmly entering into the mainstream, contending the cryptocurrency’s rally in recent months is significantly different from its 2017 ascension and subsequent plunge. To read this article:
