Turn on the TV any time these days, and you may hear someone sounding pretty certain about their view on the direction of inflation. That someone won't be Howard Marks, veteran investor and billionaire co-founder of hedge fund Oaktree Capital. Driving the news: Marks admits he doesn't know what's next for inflation. And he says in a memo that investors should put little weight in forecasts about the economy because he's "convinced the macro future isn't knowable." Why it matters: The outlook for inflation is probably the most hotly debated topic in markets right now.
Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go - click here for iOS and here for Android. On the agenda today: CEOs at boutique banks detail how they're remaining competitive in the battle for dealmaker talent. Hedge funds just got a wake up call on the risks of investing in China. Wall Street and Silicon Valley firms are hiring more "FinOps" professionals. Let's get started.
Hsbc, Union Bancaire Side With China Stock Signals On Downside While Dalio Tells Sceptics Not To Be Scared After Us$1.2 Trillion Sell-off | South China Morning Post
Chinese stocks in the mainland and Hong Kong markets cratered last week, wiping out US$1.2 trillion in market value along the way in July, as regulatory clampdowns struck fears into free-market believers.The slump, the biggest shakeout in more than five years, handed investors a reminder about a market built on "Confucian hardware and Soviet software" as described by hedge fund giant Bridgewater Associates. Its founder Ray Dalio, a China optimist, told sceptics not to be scared by the latest...
Summary List PlacementHedge funds with big positions in Chinese companies will likely be proceeding with caution after the regulatory environment rocked markets over the last week. The rout, triggered by China's vow to probe the biggest companies in the country that list on US exchanges, wiped $400 billion of value off US-listed Chinese companies, which are mostly tech firms. Some big-name hedge funds held some of the largest positions in Chinese tech titans at the end of the first quarter. Billionaire Chase Coleman's Tiger Global Management is a huge investor in China.
Summary List PlacementIt's easy for investors to take big bets on companies like Google and Facebook. It's much more challenging to find the fledgling startup that is set to become the next industry titan. For decades, hedge funds have dominated public markets, through activists demanding major changes at blue-chip stocks or quants supercharging the speed of trading. Now managers are turning toward private markets, investing billions into top startups.
$41B Hedge Fund Goldentree Adds Bitcoin To Balance Sheet - Bitcoin Magazine: Bitcoin News, Articles, Charts, And Guides
GoldenTree, a hedge fund with $41 billion in assets under management, has added bitcoin to its balance sheet, The Street reported earlier today. According to The Street, GoldenTree purchased bitcoin to diversify from the conservative, debt-based strategies it has used in the past. The news outlet did not identify its sources, stating only they were "granted anonymity to discuss sensitive business dealings." One of the sources said that executives at GoldenTree have been considering hiring general cryptocurrency investment and operational experts.
Is Sogou Inc. (NYSE:SOGO) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. The top picks of these firms have historically outperformed the market when we account for known risk factors, making them very valuable investment ideas. Hedge fund interest in Sogou Inc. (NYSE:SOGO) shares was flat at the end of last quarter.
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do (like Melvin Capital's recent GameStop losses). However, it is still a good idea to keep an eye on hedge fund activity.
After several tireless days we have finished crunching the numbers from nearly 900 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of March 31st. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Hibbett, Inc. (NASDAQ:HIBB). Is Hibbett, Inc. (NASDAQ:HIBB) a cheap investment right now? The best stock pickers were turning less bullish. The number of bullish hedge fund positions shrunk by 3 lately.