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Brendan McDermid/Reuters Pershing Square exited from its $ 1 billion short position on Herbalife. The firm’s Bill Ackman got into a public spat with famed investor Carl Icahn, who’s bullish on the stock. Icahn is now gloating for being right. Billionaire investor Carl Icahn is reveling in his victory over Pershing Square’s Bill Ackman. […]
Wikimedia Paul Singer’s Elliott Management, a $ 34 billion hedge fund, is beating the drum again about an impending market crash. Elliott has long raised concerns about market conditions. “If you think the human race is in a better and more knowledgeable state than in the past, good luck to you,” Elliott wrote in its […]
REUTERS/Kai Pfaffenbach Hedge funds are expected to pull in $ 41 billion in fresh assets this year, according to a survey by Deutsche Bank. That’s a drop in the bucket for the $ 3.2 trillion industry, but it’s striking because hedge funds for years have not met their clients’ return targets. Event-driven, fundamental equity long-short […]
REUTERS/Eduardo Munoz Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, said he feels like he’s in his 20s again. In a letter to investors, he identified a number of concerns about the market. These include a mistaken central bank obsession with an inflation target of 2%, a growing deficit, and a […]
Bloomberg TV Many companies have welcomed the new tax law by announcing bonuses, wage hikes, and hiring. Oaktree Capital founder Howard Marks threw cold water on the GOP tax reform in a new memo, questioning its long-term benefits and capacity to create new jobs. “So call it a gift to the corporate sector if you […]
Jo Yong-Hak/Reuters In 2007, Warren Buffett entered a million-dollar bet with the fund manager Protégé Partners that the S&P 500 would beat a basket of hedge funds over the next decade. His S&P 500 index fund compounded a 7.1% annual gain over 10 years, beating an average increase of 2.2% by the basket of funds […]
Thomson Reuters Mike Novogratz, the famed hedge funder turned crypto-junky, is shelving a plan to start a cryptocurrency hedge fund, he told Bloomberg News. The crypto investor thinks the price of bitcoin could hit as low as $ 8,000 a coin. He told CNBC in November it could reach as high as $ 40,000 in a couple […]
Showtime/ “Billions” A handful of hedge fund launches each year grab headlines – usually those expected to raise billions, like one from billionaire Steve Cohen and another from Millennium’s ex- bond chief, Michael Gelband. But there are many more fund launches that attract much less attention, with some of those failing to get off the ground at […]
Scott Audette/Reuters Dan Sundheim, the former chief investment officer at Viking Global, is launching a new fund in 2018. It’s still early days, but hedge fund insiders say the fund launch could be one of the biggest in recent history. Dan Sundheim, the former chief investment officer at Viking Global Investors, is expected to launch […]
Voleon is among funds deploying machine learning, a technology in which computers develop trading strategies. It’s harder than it sounds, given that markets are noisy and clients often want a better understanding of how their money is being invested. WSJ.com: What’s News US
