Hedge Funds

With global hedge fund assets at roughly $3.45 trillion (and growing by double-digit percentages each year), money managers have a greater influence on public and private markets than ever before. DailyAlts covers every element of the hedge fund industry – from changing performance structures to manager strategies, from regulatory oversight to activist holdings, and from new fund launches to the liquidation of underperformers. This channel is your one-stop-shop for daily news and insights for the influential and topical hedge fund space.

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Hedge Funds: Four Portfolio Managers Leave Citadel

Volatility has shaken the markets. The Dow had its worst quarter in history. The U.S. economy could see GDP fall by 30% this quarter. And four portfolio managers at Citadel won’t be around to see what happens next.  Bloomberg reported that the hedge fund fired four portfolio managers last week. Chris Conner, Tio Charbaghi, Steve Bergman, and Chip Fortson are out, according to the report. The four all worked in Citadel’s Global Equities group. The timing coincided with the hiring of Justin Lubell, a Point72 alum, to take over that group.

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Hedge Funds: Four Portfolio Managers Leave Citadel
April 6, 2020

Volatility has shaken the markets. The Dow had its worst quarter in history. The U.S. economy could see GDP fall by 30% this quarter. And four portfolio managers at Citadel…

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Hedge Funds: Paul Tudor Jones Expects Stocks to Retest March Lows
March 26, 2020

Paul Tudor Jones said Wednesday that he expects that the market will push higher by June. However, he expects there to be a very volatile market come April.  In an…

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Hedge Funds: Bodenholm Capital to Shutter Its Doors
March 26, 2020

Bodenholm Capital, a large Swedish hedge fund with $511.2 million in AUM, is shutting its doors and returning money to its investors. A report indicates that the multi-strategy fund has…

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Hedge Funds: Did Bill Ackman Make $2.6 Billion on the Coronavirus Outbreak?
March 25, 2020

Hedge fund manager Bill Ackman says Pershing Square Capital earned $2.6 billion by betting that the coronavirus outbreak would pummel markets. The news comes a week after Ackman appeared on…

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Hedge Funds: Third Point Facing Rough Start to 2020
March 24, 2020

While the main fund is down 13.5%, the listed shares that trade over the counter in the United States are currently down around 30% year to date as investors have…

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Hedge Funds: Seth Klarman Emerges to Open Baupost Group
March 20, 2020

Value investor Seth Klarman has emerged from his bearish slumber. The head of Baupost Group announced he had spent $1.5 billion on new investments in recent weeks. Bloomberg reports that…

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Hedge Funds: Ricky Sandler is Buying Stocks Despite Coronavirus
March 18, 2020

Hedge fund manager Ricky Sandler said Monday that he is buying stocks while markets continue their historic selloff. In an interview with CNBC, the head of Eminence Capital said that…

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Hedge Funds: Ray Dalio Shares Concerns About the Coronavirus, Compares Economy to 1930s Conditions
March 16, 2020

Hedge fund manager Ray Dalio wrote this week that he is very concerned about the state of the economy. The combination of coronavirus and zero interest rates “really worries” him,…

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Hedge Funds: Carl Icahn Has Been Shorting Commercial Mortgage Bonds
March 13, 2020

Billionaire investor Carl Icahn told CNBC on Friday that he has been shorting the commercial bond market. The activist investor said that his short was his “biggest position by far”…

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Hedge Funds: Coronavirus Hits Point72 Management
March 10, 2020

Coronavirus has hit one of Wall Street’s top financial shops. Multiple media outlets report that an employee at Point72’s Hudson Yard’s office has contracted Covid-19. The Wall Street Journal was…

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