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Some Strange Trends Among 2017 Hedge Fund Returns
Hedge Funds
From one perspective, there is an odd disparity in the force. Hedge fund returns in certain categories are experiencing fat tail correlation and return extremes when compared to players inside a particular category as well as compared to the category average itself. No better can this be seen than in the most formulaic of all hedge fund strategies, managed futures.
Asia Focused Hedge Funds Dominate as 2017 Nears Close
Hedge Funds
The Preqin All-Strategies Hedge Fund benchmark generated 1.15% in October, the benchmark’s twelfth consecutive month of positive returns. With year-to-date returns climbing to 9.30% so far, this year, the hedge fund industry remains firmly on track to generate its best performance since 2013. Asia-Pacific focused funds outperformed all other top-level regional focuses tracked by Preqin during October, recording its best
Bill Ackman Blames People for His Defeat at ADP
Hedge Funds
Bill Ackman has blamed a lot of people for his defeat at Automatic Data Processing (ADP), while saying the company’s description of the result is inaccurate. The Pershing Square Capital Management CEO received under 25% of the votes cast at the meeting, according to a statement from ADP, while his fellow nominees may have performed worse. To Ackman, the defeat
Robert Mercer is Leaving Renaissance Technologies After Political Blowback From Investors
Hedge Funds
Robert Mercer, co-chief executive of the $50-billion of Renaissance Technologies, is leaving the hedge fund giant after investors objected to his outspoken support for "polarizing political figures," the New York Times reports. Mercer - one of the most prominent financial backer of conservative causes - has been linked to former White House adviser and alt-right firebrand Steve Bannon; he and
David Einhorn Sighs as Greenlight's Third Quarter Flames Out
Hedge Funds
Greenlight Capital's David Einhorn admitted in a conference call on Tuesday that the last few days have pretty much sucked for his fund, as some of his biggest bets have not paid off, CNBC reports. To find the root of Greenlight's third-quarter problems, look no further than General Motors, which experienced a huge sell-off  this week - its shares were down 6
David Tepper Robin Hood Pick
Hedge Funds
Micron is one of the market’s most undervalued opportunities according to David Tepper of Appaloosa Management. Speaking at the JP Morgan Robin Hood Conference last week, Tepper proclaimed that Micron is currently trading at its lowest multiple ever recorded, but the outlook for the business has never been better. 2016 Hedge Fund Letters Q3 Hedge Fund Letters – Klarman Protege, Lakewood
Its Official: Bridgewater Launches Chinese Investment Product, but for $100K Min?!
Hedge Funds
The long-rumored Bridgewater Associates Chinese-focused investment offering is finally a reality, according to a regulatory filing. At a time when Dalio is cutting the highest public profile of his life – and on the verge of having his methods and processes for systematic thinking adopted around the world – the new investment offering  called  Bridgewater All Weather China LTD has
Move Over Mike Novogratz, Bitcoin Funds Now Take Minutes to Create
With the cryptoasset industry booming, and star fund managers such as Michael Novogratz planning to launch a half billion dollar cryptoasset fund, it was only a matter of time before crypto funds-of-funds started to appear. Q3 Hedge Fund Letters - Klarman Again), RobinHood (More), Corsair, Einhorn And Much More [UPDATED] Bitcoin Gold Fork Bloomberg reports that the first crypto fund-of-funds
David Einhorn Worries That Value Investing Might Be Dead
Hedge Funds
Billionaire hedge fund manager David Einhorn, who has made his name as a value investor, is now worried that value investing may no longer be a feasible investment strategy - and points to the soaring prices of Amazon and Tesla shares as examples of how the market have changed, as CNBC reports. The Greenlight Capital founder addressed his recent struggles in a letter to
Ray Dalio: Wage Gap is America's 'Biggest Economic, Social, and Political Issue'
Hedge Funds
Ray Dalio said in a LinkedIn post on Monday that the increasing disparity in financial conditions between the higher and lower income groups is "contributing to greater political polarity" and "a major cause of the slowing of growth" in the U.S. The head of the $122-billion Bridgewater Associates, the largest hedge fund in the world, Dalio splits the country into two