Monthly Archives: November 2015
China Roller-Coaster Market Ride Rewards Hedge Funds Who Held On
(Bloomberg) The great China roller-coaster stock market ride is on an upswing, and it’s rewarding those hedge funds that hung on. Greenwoods Asset Management and Marco Polo Pure Asset Management were among hedge funds that posted double-digit gains in October […]
Appaloosa Cut U.S. Stocks by 30% as Tepper Sells Alibaba
(Bloomberg) David Tepper, the billionaire founder of $20 billion Appaloosa Management, cut his hedge fund’s investments in U.S. stocks by almost a third in the last quarter, reducing stakes in some of its biggest investments. The value of Appaloosa Management’s […]
S&P Earnings Reports Reveal “Revenue Recession”
New York (HedgeCo.net) – The third-quarter earnings season is almost over at this point as almost 90% of member companies have reported results. In light of the vast majority reporting already, there was a trend revealed in the results that […]
Einhorn Still Touting Consol Energy, Despite 80% Drop In Past Year
New York (HedgeCo.net) – David Einhorn is standing behind his bullish position on coal and natural gas producer Consol Energy (NYSE: CNX). Einhorn touted the company as his single “best idea” at the annual Robin Hood Investors Conference in New […]
Stressed Bond Market a Boon to Credit-Pickers
(Pension & Investments) A confluence of global trends has created a credit-picker’s market that has both portfolio managers and asset owners rubbing their hands together in anticipation.Dispersion in credit pricing has ratcheted up through mid-November, giving hedge fund and long-only […]
Appaloosa Cut U.S. Stocks by 30% as Tepper Sells Alibaba
(Bloomberg) David Tepper, the billionaire founder of $20 billion Appaloosa Management, cut his hedge fund’s investments in U.S. stocks by almost a third in the last quarter, reducing stakes in some of its biggest investments.The value of Appaloosa Management’s publicly […]
MassPRIM allocates $75m to new Davidson Kempner Special Opps fund
(Hedgefund Intelligence) The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has allocated $75 million to Davidson Kempner Capital Management’s Special Opportunities Fund III. The allocation, approved at the board’s meeting on 13 October, is not MassPRIM’s first with Davidson Kempner. […]
Event-Driven Hedge Funds Are The `Worst Disappointment,’ Says K2
(Bloomberg) Event-driven strategies have been the most disappointing performers this year, said Robert Christian, head of investment research at Franklin Resources Inc.’s K2 Advisors, after many hedge funds failed to profit from mergers and acquisitions despite a record year for […]
David Tepper’s Top Q3 Moves Include General Motors, Airlines And Alibaba
(Benzinga) 13F Friday is finally here, and therefore investors learn what the picks and pans were from institutional investors over the third quarter.On Friday, David Tepper’s Appaloosa Management LP disclosed its long equity stakes as of September 30, 2015. Over […]
Hedge Fund 13F Filings Due Out This Week
New York (HedgeCo.net) – It has been 45 days since the third quarter ended and that means that 13F reports are due from hedge funds. With the quarter being so volatile and the S&P losing 6.94% during the third quarter, […]
Dozens of Chinese Firms Trying to Delist from U.S. Exchanges
New York (HedgeCo.net) – In a reversal of fortune, dozens of Chinese firms that were listed on exchanges in the United States with the hopes of gathering legions of foreign investors are now looking to be taken private and delisted […]