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businessinsider.com February 07, 2019

$21B Hedge Fund Blue Mountain Winds Down Long-short Fund

The $21 billion hedge fund BlueMountain Capital Management is closing its long-short equity fund just two years after launching it, a source familiar with the situation tells Business Insider. As a result, four equity portfolio managers were fired this week, several sources tell Business Insider. BlueMountain recruited several money managers from other funds as it restructured its equity business in 2018, including Mahmood Reza from the billionaire Leon Cooperman's Omega Advisors to make investments in financial companies and Sanket Patel from the Citadel alum Anand Parekh's Alyeska Investment Group to manage energy investments.
Read by 50% of LPs

nasdaq.com February 06, 2019

Fourth Quarter 2018 Review Of The Long/short Equity Hedge Fund Space

By Kevin Hurd and Steve Togher for Cross Shore Capital Management Volatility returned to equity markets in the fourth quarter following two relatively benign quarters and, unfortunately for most market participants, it was predominantly to the downside. Despite the highest annual GDP growth rate in 10 years and.
Read by 35% of LPs

businessinsider.com January 15, 2019

Jana Partners Is Cutting Long-short Funds

$4 billion hedge fund manager Jana Partners is cutting two funds focused on traditional stock-picking strategies to focus on activism, according to a letter seen by Business Insider. The firm has a $1.5 billion activist fund, Jana Strategic Investment fund, and is planning to a launch a socially- focused activist fund later this year. The firm is the latest to cut its stock-picking offerings after a tough year for these funds. Barry Rosenstein's Jana Partners is cutting its two stock-picking funds that manage billions to focus on its core strategy of investing in companies to improve their performances.
Read by 80% of LPs

businessinsider.com January 11, 2019

$21B Hedge Fund Blue Mountain Winds Down Long-short Fund

BlueMountain Capital is ending its long-short equity strategy, a source close to the firm tells Business Insider, only two years after starting it. The firm is firing several portfolio managers on the equities team after recruiting talent from hedge funds like Leon Cooperman's Omega Advisors and Citadel alum Anand Parekh's Alyeska Investment Group over the past year. The firings are not related to the firm's decision to double down on its bet on the troubled California utility company PG&E in November, the source tells Business Insider.
Read by 45% of LPs

nasdaq.com May 19, 2018

First Quarter 2018 Review Of The Long/short Equity Hedge Fund Space

By Kevin Hurd and Steve Togher for Cross Shore Capital Management The first quarter of 2018 was an abrupt reminder to investors that equity markets can in fact lose value over the course of a calendar month. After 15 straight positive months, including January 2018, the S&P 500 finished the quarter down 0.8%,
Read by 37% of LPs

hedgeweek.com April 17, 2018

Jupiter Adds Us Long/short Manager To Liquid Alts Business

Jupiter has appointed Darren Starr as a Fund Manager in the firm's growing GBP1.9 billion liquid alternatives business. : Jupiter has appointed Darren Starr as a Fund Manager in the firm's growing GBP1.9 billion liquid alternatives business. Starr has dual US and UK citizenship, and over 10 years' experience managing US equity long-short portfolios across roles at UBS, SAC Global Investors and Caxton.
Read by 46% of LPs

nasdaq.com February 25, 2018

2017 Review Of The Long/short Equity Hedge Fund Space

By Kevin Hurd and Steve Togher for Cross Shore Capital Management Long/short equity hedge funds finished 2017 with their best year since 2013, delivering an average return of 13.3% [i] . The funds we allocate to had comparable returns, while maintaining an average net exposure of approximately 55%. Their average.
Read by 44% of LPs

nasdaq.com February 24, 2018

2017 Review Of The Long/short Equity Hedge Fund Space

By Kevin Hurd and Steve Togher for Cross Shore Capital Management Long/short equity hedge funds finished 2017 with their best year since 2013, delivering an average return of 13.3% [i] . The funds we allocate to had comparable returns, while maintaining an average net exposure of approximately 55%. Their average.
Read by 69% of LPs

hedgeweek.com January 17, 2018

Morphic To Launch Ucits-compliant Long/short Esg Strategy On The Trium Ucits Platform | Hedgeweek

Sydney-based Morphic Asset Management is launching a new global equity strategy on the Trium UCITS platform, employing ESG factors to generate alpha on both short and long positions. The Trium Morphic ESG L/S Fund launches on 20 February 2018, targeting European investors. It will be managed by experienced portfolio managers Jack Lowenstein (pictured), and Chad Slater. Both managers have a multi-decade track record in successful, sustainable investing and will apply a fundamental equity long/short approach to the fund, targeting absolute returns. Multi-level risk management is at the heart of their approach and the fund will offer investors daily dealing.
Read by 37% of LPs

valuewalk.com December 21, 2017

Elevated Inflows Seen In November, Long/short Equity Hedge Funds Remains Popular

The hedge fund industry experienced another wave of investor inflows in November following two months of light redemption pressures. With over $40 billion of net new assets added in 2017, the industry would appear to have returned to health. However, [...] The post Elevated Inflows Seen In November, Long/Short Equity Hedge Funds Remains Popular appeared first on ValueWalk.
Read by 51% of LPs