Author Archives: Jurica Dujmovic
Hedge fund manager Ken Griffin backing Rubio for president
(Reuters) — Hedge fund manager Ken Griffin of Citadel will support Republican U.S. Senator Marco Rubio of Florida for president in 2016, the billionaire said in a statement on Wednesday. “Senator Rubio is uniquely qualified to lead our nation with […]
Ackman plays big role in laying out Canadian Pacific rail deal
BOSTON (Reuters) – Billionaire investor William Ackman is playing an outsized role in railway Canadian Pacific’s <CP.TO> plan to buy rival Norfolk Southern <NSC.N>, underscoring his efforts to bring home a deal to salvage an otherwise awful 2015 for the […]
Which Stocks Did Funds Sell in Q3?
New York (HedgeCo.net) – Each quarter when the 13F filings are released, many news sources focus on the stocks that hedge funds are buying, but less attention is paid to the stocks that are being sold by funds. A recent […]
Definition of Irony: Citigroup Sued for Mispricing by Fund that Mispriced
New York (HedgeCo.net) – In what can best be described as pure irony, Citigroup is being sued by a hedge fund for the mispricing of assets toward the end of the financial crisis. The ironic part is that the fund […]
Notorious Short-Seller Jim Chanos Enjoying 2015
New York (HedgeCo.net) – While most of the recent news about hedge funds and their performance has been about negative returns, even if they weren’t as bad as the world indices. The press has had a field day pointing out […]
Harbour Hedge Fund Gains 11% in August Betting on Unloved Stocks
(Bloomberg) – One Hong Kong-based based hedge fund returned 11 percent in August after bets on unpopular stocks paid off, as Asia-focused peers had the worst month in more than three years. Last month’s returns extended the gain by Harbour […]
Hedge Fund Manager’s Bearish Bet on Yuan Finally Pays Off
New York (HedgeCo.net) – Patience is a virtue, or at least that is how the old saying goes, but in the case of Ray Bakhramov, patience is has been very profitable lately. Bakhramov and his Forum Global Opportunities Fund have […]
Biotech Head: Kyle Bass Not the Problem
New York (HedgeCo.net) – Kyle Bass probably isn’t on the invitation lists of very many biotech and pharma companies’ holiday lists, but the head of one biotech firm recently stated that Bass isn’t the problem. In an interview on CNBC’s […]
Exclusive: Hedge fund Aurelius holds Ukraine debt, asking better terms – source
(Yahoo Finance) – A hedge fund that has for years used courts to secure better debt repayment terms from Argentina has accumulated Ukraine sovereign bonds and formed a group seeking improvements to a recent debt workout, a source with knowledge […]
Apple Popular Among Hedge Funds and Analysts
New York (HedgeCo.net) – Apple is one of the most widely held stocks in the world, but that hasn’t kept the stock from falling with the rest of the market. From mid-July through mid-August, the stock fell over 30% to […]
Ray Dalio Is Worried About Next Downturn as Fed Prepares Move
(Bloomberg) — Ray Dalio, founder of $154 billion Bridgewater Associates, said he’s worried about the next economic slowdown because monetary policy will be less effective than in the past. “I don’t care whether they raise 25 basis points,” Dalio said […]
Women Led Investment Funds Continue to Outperform the Industry, But Struggle to Raise Capital: KPMG Report
(Yahoo Finance) — KPMG LLP, the U.S. audit, tax and advisory firm, today issued the 2015 Women in Alternative Investments Report: Breaking Away, The Path Forward for Women in Alternatives, which found that women-owned or managed funds are making little […]