Reuters. Hedge funds are betting that the euro will rise to $1.25 after the U.S. election. (Bloomberg) Hedge funds are becoming more bullish on the euro. Not only are they betting that the currency’s rally will continue, but they think it will rise to levels last seen in earlyRead More →
Don’t look for gold to hedge a falling dollar. That may be a surprise since gold GC00, +0.54% is often the first asset that investors think of when wanting to hedge against currency devaluation. Gold’s reputation has been strongly reinforced since mid-May, as the U.S. Dollar Index DXY, +0.04%Read More →
“ ‘If you don’t have a tail hedge, I suggest not being in the market we’re facing a huge amount of uncertainty.’ ” That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarityRead More →
© Reuters. BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett’s Berkshire Hathaway among otherRead More →
© Reuters. BOSTON (Reuters) – Bow Street LLC is close to having eight directors elected to the board of Mack-Cali Realty Corp (N:), which would give the hedge fund control of the real estate investment trust’s board, sources familiar with the matter said on Tuesday. All votes have not beenRead More →
‘Get out of trash. There’s still a lot of money in cash.’ Ray Dalio If there are investors who believe cash is king amid this market bull run, they ought to think again, suggests Ray Dalio. The billionaire founder of the hedge fund Bridgewater Associates said during a CNBC interviewRead More →
By Svea Herbst-Bayliss BOSTON (Reuters) – Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business. Left also made a prediction thatRead More →
COPENHAGEN (Reuters) – Hedge fund Marshall Wace is betting on Danske Bank (CO:) shares falling after taking a short position in the Danish lender of 0.5% of issued shares, the Danish FSA said on Friday. The hedge fund, co-founded by British financier Paul Marshall, is the first to take aRead More →
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group (N:) and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. Richard McGuire, the firm’s founder and portfolio manager, began telling investors ofRead More →
© Reuters. Hedge fund White Elm to shut down, posts double digit returns -letter By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund White Elm Capital is returning money to outside clients at the end of the year, ending a 12-year run of picking stocks for pensions, endowments and wealthy families,Read More →
‘I want to make clear that we don’t have any such net bet that the stock market will fall.’ Ray Dalio That’s Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, disputing elements of a Wall Street Journal report on Friday that indicated his fund was putting onRead More →
© Reuters. ETFs That Echo Hedge Funds Are Set to Double Assets, Report Says (Bloomberg) — A relatively new category of exchange-traded fund is poised to hit it big, according to Greenwich Associates. Institutional investment in so-called liquid alternative ETFs — including products that seek to mirror hedge funds —Read More →
© Reuters. FILE PHOTO: A worker assembles an industrial valve at Emerson Electric Co.’s factory in Marshalltown Iowa By Greg Roumeliotis (Reuters) – Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co (N:) and is planning to push for changes, including a potential split-up ofRead More →
© Reuters. Hedge fund-backed reinsurance duo poised for performance uptick: Barron’s NEW YORK (Reuters) – Two reinsurance firms backed by prominent hedge funds are considered good investments as their share price performance has yet to benefit from the sector’s improved pricing outlook, according to Barron’s. Both Greenlight Capital Re andRead More →
Another rough week has equity losses piling up for August, with the S&P 500 already down around 4.5% just two weeks into the month. Some may not be ready to throw in the towel here. We’ve consistently heard throughout this lengthy bull market that bang for your buck can beRead More →
© Reuters. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise (Reuters) – Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting aRead More →
By Svea Herbst-Bayliss (Reuters) – Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds be more transparent about their investment ideas and charge less, investors and fund managers say. Activist hedge funds push for changes atRead More →
© Reuters. D.E. Shaw’s top shareholder activist Koffey leaves hedge fund By Svea Herbst-Bayliss (Reuters) – Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firmsRead More →
© Reuters. Facebook Amazon Netflix and Google logos in combination photo from Reuters files By Jennifer Ablan (Reuters) – Some of the biggest, highest-profile U.S. hedge fund investors fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday. After dumping shares of FacebookRead More →
© Reuters. An eBay logo is projected onto white boxes in this illustration picture taken in Warsaw By Arjun Panchadar and Liana B. Baker (Reuters) – Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc (O:) and are pushing for changes including the sale of someRead More →
© Reuters. Hedge fund pushes for share buyback at Gulfport to boost stock price By Svea Herbst-Bayliss BOSTON (Reuters) – Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double theRead More →
© Reuters. Barry Rosenstein, founder and managing Partner of JANA Partners LLC., speaks during the Sohn Investment Conference in New York By Svea Herbst-Bayliss NEW YORK (Reuters) – Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on itsRead More →
2018 was a losing year for the average hedge fund, but it did mark a rare outperformance compared to U.S. stocks. The average fund fell 4.07% last year, according to research firm HFR’s Fund Weighted Composite Index, while an asset-weighted version of the index fell 0.84%. That beat a return,Read More →
