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Brazil's Largest Hedge Fund Warns of Calm Before the Storm
Hedge Funds
Verde Asset Management SA, Brazil’s largest hedge fund, managed by Luis Stuhlberger, added 1.89% during July bringing year-to-date returns to 4.53%, below the 6.5% that Brazil’s benchmark CDI interbank interest rate has returned over the same period, and is sticking to his ultra-bearish views, that’s according to the fund’s July letter to investors, a copy of which has been reviewed by
Ken Griffin: On Starting Citadel From His Harvard Dorm Room
Hedge Funds
An interview and Q&A with billionaire and founder of Citadel, Kenneth C. Griffin. In this interview Kenneth discusses the entrepreneurial culture he has created at Citadel and starting Citadel from his dorm room at Harvard. Kenneth also talks about why free markets are important and his thoughts on capitalism. Billionaire Ken Griffin: Entrepreneurship, Free Markets And Citadel This article was
Li Lu on Developing Value Skill
Hedge Funds
Li Lu often gets left out of the roll-call of value investors, but he doesn’t deserve to be. Unlike leading value investors, such as Seth Klarman and Warren Buffett, Li Lu keeps a relatively low profile. Lu was inspired to get into banking by Buffett after hearing him speak at Columbia in 1993. Upon graduation, he worked in an investment bank until
Seth Klarman: Finding Your Investing Edge
Hedge Funds
You won’t be a successful investor if you don’t have an investing edge. You won’t beat the market if you don’t have a strategy that differs from other market participants, you’ll either match the market’s return or even worse, underperform. However, in a world like Wall Street, where all the participants are highly skilled individuals, finding an investing edge is
Asia-Pacific-Based Institutions Invest More Than $200Bn in Hedge Funds
Hedge Funds
Sovereign wealth funds drive growth in capital allocated to the industry Also Read “The Amazon/Google Of Hedge Funds” Warns Of Investing Minefield: looking To Hire More Macro Analysts Academic Research Insight: Concentration Is King Sovereign Wealth Fund Returns Collapse As Yield Disappears Institutional investors based in Asia-Pacific have allocated more capital to hedge funds in recent years, reaching a record
Bitcoin Hedge Fund up 2,129% Raises Concerns
Hedge Funds
With Bitcoin up a strong 321% year to date, cryptocurrency hedge fund manager John Chalekson looks like a genius. The crypto hedge fund, whose marketing materials for limited liability partnerships are available online, delivered 2,129% returns to investors basis August without using leverage. In fact, in May, Chalekson claims to have been up 273%, primarily by investing in new currencies.
After Recent Losses Even Odey's Long Term Gains Evaporate
Hedge Funds
After a relatively slow start to the year, last month Crispin Odey returned to form. During July Odey’s OEI Mac strategy, which consists of the OEI, OEI Mac, and Odey Swan Funds, lost 10.3% compared to a return of 3% for the MSCI Daily TR Net Europe USD. After this loss, year-to-date the strategy is down 12.7%. And over the
Globally Focused Hedge Funds Dominate HSBC Performance List
Hedge Funds
A decided trend is emerging in the HSBC Hedge Weekly performance report. Hedge funds from around the world are decidedly outperforming their US counterparts. With the HFRI Fund Weighted Composite Index up 4.78% year to date and the BarclayHedge Hedge Fund Index up 5.76%, global competitors are posting double digit category performance. While category performance generally tells this story, the
Carl Icahn on Leaving the Trump Administration: 'I Had No Duties Whatsoever'
Hedge Funds
When legendary investor Carl Icahn announced back in December that he had agreed to be a special advisor to President Trump on regulatory reform issues, it wasn't clear exactly how big of a role the billionaire would have in helping the administration shape legislation. His role, it turns out, was not very big at all. Icahn announced on Friday that he was
Ray Dalio: America is the Most Economically and Socially Divided it's Been Since 1937
Hedge Funds
Ray Dalio says in an essay posted to LinkedIn on Monday that America is "now economically and socially divided and burdened in ways that are broadly analogous to 1937." The Bridgewater Associates chairman and chief and investment officer also writes in the essay that "politics will probably play a greater role in affecting markets than we have experienced any time