Hedge-fund assets dropped below $4 trillion last month because of poor performance and investor withdrawals, according to new Hedge Fund Research data. Institutional investors pulled out roughly $27.5 billion from hedge funds during the second quarter, the highest quarterly outflow since the first quarter of 2020. High inflation and a looming economic recession are to blame for the drop in flows, HFR said. The S&P 500 finished the initial six months of 2022 with a 20.6% loss, the worst midyear performance in 50 years.
Effective altruism has gone mainstream. Where does that leave it? Seven years ago, I was invited to my first EA Global, the flagship conference of the effective altruism movement. I was fascinated by effective altruism (EA), which defines itself as "using evidence and reason to figure out how to benefit others as much as possible," in large part because of the moral seriousness of its practitioners.
SHANGHAI/NEW YORK : Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game. In recent months, Bridgewater registered in China several "All Weather" trademarks in English and Chinese, an effort to tackle the "confusion" created by local copycats, said Joanna Alpert, Bridgewater China's portfolio manager. "We'll continue to enforce our rights and protect our IP," Alpert, also a partner at Bridgewater, told Reuters.
(Bloomberg) -- Hedge funds and other investors looking to cash in on Brazil's surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that's had four CEOs since early 2019. Gerval Investimentos, the family office for the controlling shareholders of steelmaker Gerdau SA, is among the asset managers backing so-called junior producers.
Senator Kyrsten Sinema had one main request before she would support a key spending bill: Preserve a tax loophole that mainly benefits people in private equity.
Burry drew a comparison between the current market outlook and major crashes that occurred in 1929, 2001, and 2008.: The investor and hedge fund manager warned of a rise in 'silliness' after the S&P 500 rallied 8.6% to bounce back from a 2022 low. "The silliness is back," Burry said in a now-deleted Tweet. "After 1929, after 1968, after 2000, after 2008, the strain of silliness that transformed bulls into bubbles completely and utterly disappeared." Burry is best known for his betting against the mid-2000s housing bubble, as depicted in Michael Lewis's book "The Big Short".
Pictet Group, the Swiss wealth manager, is cautioning against crypto investments amid the recent industry turmoil. "Crypto will be an asset class that we cannot ignore, but today I don't think there is a place for private bankers and for private bank portfolios," Tee Fong Seng, chief executive officer at the Geneva-based firm's Asia wealth management arm, said on a panel at the Bloomberg Asia Wealth Summit in Singapore on Thursday. The crypto industry has seen a meltdown this year amid crashing valuations, the failure of hedge fund Three Arrows Capital and other companies, and numerous attacks by ...
Offering certainty in an uncertain world: Digital first approaches towards debt collection to increase recovery effectiveness FundFront, the innovative alternative investment platform that simplifies access to hedge fund strategies, and Haven Cove Capital Management announced the introduction of Haven Cove's flagship fund on the FundFront platform, bringing a new addition to its curated menu of high-performing hedge funds available to financial advisors and their investors.