Monthly Archives: November 2015
Elliott Management takes 6.4 percent stake in ‘undervalued’ Alcoa
(Reuters) – Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in “undervalued” Alcoa Inc on Monday, sending the aluminum producer’s shares up as much as 6.3 percent. Elliott, run by activist investor Paul Singer, sees opportunities for Alcoa […]
Hedge funds’ top stock picks haven’t been smoked this badly since the financial crisis
(Business Insider) Hedge funds’ favorite bets in the stock market have been getting roughed up.”From August through October, hedge fund favorite stocks posted their worst relative returns outside of 2008,” wrote David Kostin at Goldman Sachs. “Our Hedge Fund VIP […]
Hedge Fund Diversification Lowest in 30 Years
New York (HedgeCo.net) – Some of the favorite stocks of hedge funds have gone through the worst three-month stretch of performance since 2007-2008 and that terrible performance has led to highly concentrated portfolios. A recent article from MarketWatch highlighted the […]
Institutional Investors Grow Increasingly Bearish on Oil
New York (HedgeCo.net) – Even as the price of oil has stayed below $50 for four months now, hedge funds and other institutional investors have become more bearish on the commodity. In fact, the number of contracts sold short has […]
Goldman Said to Raise $1.3 Billion to Buy Hedge Fund Stakes
(Bloomberg) Goldman Sachs Group Inc. has raised $1.3 billion for its second Petershill fund that buys stakes in hedge fund firms, beating its initial target, according to a person with knowledge of the matter. The bank started raising money for […]
Group Led by Former Fund Manager Acquires Majority of Biotech Firm
(New York Times) Martin Shkreli, the brash pharmaceutical executive whose abrupt fiftyfold increase in the price of an old infectious disease drug sparked an uproar, has acquired a majority of the shares of a publicly traded biotechnology company that was […]
Masters of the Finance Universe Are Worried About China
(Bloomberg) David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin Hood Investor’s […]
Hedge Funds Scared of China Risks See Yuan Devaluation
(The Edge Daily) David Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin […]
Hedge Funds Are Back to Bearish on Gold as Price Slump Deepens
(Bloomberg) Hedge funds are betting gold’s decline is far from over, as the metal’s month-long slide deepened on expectations for higher U.S. interest rates. Prices are trapped in their worst rout since July as Federal Reserve officials talk up improvements […]
Hedge Funds Dump Shares of SunEdison
New York (HedgeCo.net) – SunEdison (NYSE: SUNE) used to be one of the darling stocks of the hedge fund industry and counted well-known fund managers like David Einhorn, Dan Loeb and Stephen Mandel as investors. With the stock falling over […]
Journal Article: “The Year of Mimicking Dangerously”
New York (HedgeCo.net) – Through our affiliate company HedgeCoVest, we have been cautioning investors about the dangers of trying to mimic hedge funds by following the 13F filings of top hedge funds. Finally, a major publication is making the same […]
Model Spotlight: Ferro Systematic Market Neutral Model
New York (HedgeCo.net) Over the last three and a half months, no model on the HedgeCoVest platform has performed as well as the Ferro Systematic Market Neutral model. From the end of July through November 20, the model has gained […]