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REUTERS/Steve Marcus Dan Loeb’s Offshore and Ultra funds hold respective gains of 14.5% and 23% this year. The average hedge fund was up 5.92% through September 2017. Third Point LLC, the hedge fund founded by billionaire investor Daniel Loeb, continues to post impressive returns when compared to its peers. In a letter to clients Friday, following the end of the […]
TTstudio/Shutterstock Jamie Zimmerman is one of the few, and first, female investors to run a hedge fund. She started Litespeed Partners in 2000. The fund has had a tough run of late, and now manages less than half of what it did two years ago. Hedge funds running similar investment strategies have also struggled. Some […]
Business Insider The money-management industry has a diversity problem. A global study from Morningstar last year showed that only one in five mutual-fund managers is a woman – a rate that hasn’t budged since 2008. In the US, that number drops to one in 10. The US is a laggard, far behind countries such as Singapore […]
Steve Marcus/Reuters Billionaire Steve Cohen’s longtime top trader is leaving ahead of the hedge fund manager’s expected supersize return to managing outside money. Phil Villhauer is leaving Cohen’s family office, Point72, after working for Cohen since 2002, the New York Times reported earlier Tuesday, citing an internal memo. Villhauer got his start at Cohen’s SAC Capital, […]
Shutterstock A hedge fund run by the scion of New York real estate dynasty is returning money to outside investors amid poor performance, according to documents seen by Business Insider. The fund is O-Cap Management, a small New York-based hedge fund managed by Michael Olshan. Olshan is the son of Morton Olshan, the chairman and founder […]
Shutterstock A hedge fund run by the scion of New York real estate dynasty is returning money to outside investors amid poor performance, according to documents seen by Business Insider. The fund is O-Cap Management, a small New York-based hedge fund managed by Michael Olshan. Olshan is the son of Morton Olshan, the chairman and founder […]
REUTERS/Lucas Jackson My how the tide has turned for tech stocks. Until recently, the industry was viewed as the indispensable driver of the equity market. Companies like the so-called FANG group — which includes Facebook, Amazon, Netflix and Google — received loads of credit for pushing stock indexes to new records. Now the shoe is […]
Reuters / Stringer Chile The market is calm. Perhaps too calm. The lack of price swings has investors mired in a sea of complacency, which has them ignoring potential risks, says Societe Generale. The firm specifically cites the CBOE Volatility Index — or VIX — which is used to track nervousness in the US stock […]
Bridgewater, the world’s largest hedge fund firm, says the Federal Reserve and other central banks will cause problems by raising interest rates from historic lows. Bridgewater says the Fed has miscalculated the risks, such as economic sensitivity to interest-rate changes. The world’s largest hedge fund told clients the Federal Reserve was making a mistake by […]
Point72 NEW YORK – Steve Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund, Stamford Harbor Capital, a person who has reviewed the deck told Business Insider.The pitch is the latest move cementing the controversial billionaire’s return to managing money.Investors will have to […]
