Hedge fund inflows climbed in the first quarter as investors piled into funds that specialize in mergers, activism and relative value arbitrage, according to Hedge Fund Research Inc. Net inflows totaled $1.1 billion at the end of March, according to a report Thursday by the industry researcher. It marked the fourth straight quarter of inflows following an increase of nearly $10 billion for the prior year. Total hedge fund assets globally increased $4.5 billion to a record $3.22 trillion, according to the report. Event-driven funds attracted the most money with inflows of $4.4 billion in the quarter.
As stock markets wobbled in the first quarter, investors poured more than a billion into hedge funds, sending their total assets higher than they've ever been. Hedge funds have been touting themselves as a potential safe haven when volatility returns to the markets - and investors have been listening, according to capital flow data released Thursday. Total hedge fund industry assets rose to a record $3.22 trillion as of March 31, figures from data tracker Hedge Fund Research show. The sector took in$1.1 billion of net new money in the first quarter of 2018, marking the fourthstraight quarter of inflows.
Activist hedge fund Jana Partners LLC has disclosed a 9.1% stake in Pinnacle Foods Inc. , a packaged foods company whose brands include Duncan Hines baking mixes and Birds Eyes frozen vegetables. In a filing Thursday, Jana said it acquired the shares because it believes they are "undervalued and represent an attractive investment opportunity." The hedge fund plans to have "discussions" with Pinnacle's board members and executives "regarding value-creation measures," that could include evaluating a sale or other "consolidation opportunities," it said.
Jana Partners, the activist fund run by Barry Rosenstein, disclosed a stake in Pinnacle Foods Inc. and is urging the packaged food manufacturer to explore a sale or another transactions in the frozen food space. The New York-based hedge fund and its partners own 9.5 percent of the food manufacturing company, according to a regulatory filing Thursday. Jana said in the filing that it believes Pinnacle is in a good position to consider consolidation given its strong position in the frozen foods industry.
A few weeks ago, we shared a note about Tesla from the hedge fund Vilas Capital Management. The firm, which is short the shares, said "Tesla is going to crash in the next 3-6 months." See 2017 Hedge Fund Letters. [...] The post More Hilarious Facts About Tesla From A Hedge Fund Manager Who's Short The Stock appeared first on ValueWalk.
Distressed debt can be a good investment for hedge funds, but is the risk/return relationship suitable for individual investors? : Hedge funds can generate massive returns in relatively short periods of time, and they can lose a great deal of money just as quickly. What kind of investments can produce such diverse returns? One such investment is distressed debt. This type of debt can be loosely defined as the obligations of companies that have filed for bankruptcy or are very likely to file for bankruptcy in the near future.
Hedge fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its mid-month highs and hedge funds into the red for the year. Hedge Funds fell 0.56 percent in the first quarter, compared with a 1.42% gain for the three months ended Feb. 28, according to data compiled in the Bloomberg Hedge Fund Database. Funds also finished the month of March down 0.75 percent, paring losses from February when they fell 2.19 percent.
New York -- Hedge fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its mid-month highs and hedge funds into the red for the year.Hedge funds fell 0.56 per cent in the first quarter, compared with a 1.42% gain for the three months ended February 28, according to data compiled in the Bloomberg Hedge Fund Database.