10 Most Important Reads Of The Week - Aug 18, 2017
It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Two Sigma's Billionaires To Face Off In Arbitration
Two Sigma's billionaire founders are not done fighting, but luckily for investors, they're no longer at risk of being collateral damage. The cofounders, John Overdeck and David Siegel, are heading to arbitration over their long-standing feud about how to manage the $60 billion asset manager that they started in 2001. According to a Bloomberg report, the firm disclosed the arbitration in a letter to investors on Wednesday and said that it isn't party to the dispute. The firm did not respond to a request for comment. Many hedge funds stumble when it comes to succession planning.
Concentrated Markets And Changing Regulation Call For This New Take On Diversification
Allocator Collective (formerly IADEI), a consortium of over 800 institutional asset allocators, made five changes for the new year to pursue multidimensional diversity.
3 Under-the-radar Hedge Funds Who Killed 2024
Glen Kacher is the founder of Light Street Capital.Heidi Gutman/Getty ImagesBig-name managers mostly performed well in 2024, but some under-the-radar players soared.Managers like Glen Kacher's Light Street and David Rogers' Castle Hook returned 60% last year.Jason Mudrick's firm returned more than 31%, a person close to the manager said.The biggest hedge funds in the world — names like Citadel, D.E.
World’s Biggest Hedge Fund Bridgewater Cuts 7% Of Staff | The Straits Times
The cuts affect about 90 employees, a source said. :
NEW YORK - Bridgewater Associates dismissed 7 per cent of its workforce on Jan 6 as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire top talent, according to a person familiar with the matter. The cuts affect about 90 employees, said the person, who asked not to be identified because the information has not been announced publicly. The firm, whose headcount is now back to where it was in 2023, will continue hiring selectively, the person said.
Saba Resubmits Edinburgh Worldwide Documents Triggering Shareholder Vote Over Board
Edinburgh Worldwide investment trust (EWI) has issued renewed criticism of the attempt by the Manhattan-based activist hedge fund Saba Capital to oust its board.
Billionaire Investor Bill Ackman Thinks 2 Stocks Could Soar Roughly 900% Under The Incoming Trump Administration
President-elect Donald Trump has made many investors bullish on the market, which has been on an incredible two-year run. Many believe deregulation and corporate tax cuts could create powerful tailwinds, unlocking positive investor sentiment that could propel stocks higher. Not surprisingly, billionaire investor Bill Ackman, a vocal Trump supporter, is all aboard this train. Ackman and his fund Pershing Square Holdings have delivered extraordinary gains over the last five years. Ackman now thinks two of Pershing's longtime holdings are set to run roughly 900% thanks to the incoming Trump administration. Let's take a look.
Online Outrage As Biden Set To Award Hillary Clinton, George Soros With Presidential Medal Of Freedom
President Biden will on Saturday award the Presidential Medal of Freedom to former Secretary of State Hillary Clinton, left-wing billionaire George Soros, and 17 others at a ceremony at the White House.
Hedge Funds Deliver Double-digit Returns In 2024 - The Economic Times
In 2024, hedge funds achieved strong double-digit returns. They made gains from market volatility, changes in central bank policies and the U.S. presidential election. Funds like Discovery Capital, Marshall Wace, Bridgewater Associates, and Citadel posted impressive returns. Quantitative hedge funds like Dunn Capital and CFM also benefitted from market movements.
Nvidia Stock: Ace Hedge Fund Manager Jim Roppel Bets On Nvidia And Tesla In 2025; Cites Numerous Reasons Why The Two Will Outshine - The Economic Times
Jim Roppel, a veteran stock market fund manager, is backing Nvidia and Tesla to perform well in the year 2025, and cites certain reasons why these two stocks have major chances of outperforming themselves in the new year. Here's what you should know as a US investor.
Ken Griffin's Flagship Hedge Fund At Citadel Climbs 15.1% In 2024
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy. :
Billionaire investor Ken Griffin's handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical trading strategy. Citadel's multistrategy Wellington fund, its largest, finished the year up 15.1%, according to a person familiar with the returns. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the year, the person said.