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: Bill Ackman Prepares Investors for Coronavirus
March 4, 2020

Pershing Square Capital founder Bill Ackman sent a letter to investors about the threat of coronavirus on Tuesday. His statement came shortly after the Federal Reserve slashed interest rates by…

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Activist Manager Wants Jes Staley Off Barclays Board of Directors
March 4, 2020

Edward Bramson and his fund Sherborn Investors Management is waging a campaign to oust Jes Staley from the helm of Barclays (NYSE: BCS). According to reports, Sherborne is seeking his…

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Hedge Funds: Nikola Corp. Plans to Go Public with Reserve Merger
March 3, 2020

Electric vehicle manufacturer Nikola Corp. has plans to go public and merge with a publicly traded special purpose acquisition company. That SPAC is backed by hedge fund ValueAct and Fidelity. According…

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Hedge Funds: Activist Hedge Fund Elliott Management Targets Twitter
March 3, 2020

Twitter Inc (NYSE: TWTR), which owns the social media and tweeting platform so loved by President Trump, is under siege. Elliott Management, the feared activist hedge fund owned by billionaire…

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Hedge Funds: Chris Hohn Looks to End Coal Production as We Know It
March 2, 2020

Hedge fund billionaire Chris Hohn has launched a platform aimed at reducing financing for coal-fired power plants. The ESG crusader wants central banks to effectively stop the financing of coal…

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Hedge Fund: Whitney Tilson Pumps Berkshire Hathaway as Top Retirement Stock
February 27, 2020

Former hedge fund manager Whitney Tilson has called Berkshire Hathaway (NYSE: BRK.A) the to retirement stock. Tilson, who now writes for Empire Financial Research, issued a note this week praising…

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Preqin: Hedge Fund AUM Hits All-Time High in 2019
February 26, 2020

Hedge fund assets under management (AUM) reached an all-time high for the industry by the end of 2019. A new report by Preqin shows that assets reached $3.66 trillion thanks…

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Activist Hedge Fund Looks to Shake Up Insurance Giant Prudential
February 25, 2020

Activist hedge fund Third Point has taken aim at the 172-year-old insurance giant Prudential (LON: PRU). According to a new filing, Dan Loeb’s shop wants to split the firm into…

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Santander Asset Management Launches New Hedge Fund: Santander Patrimonio Diversificado.
February 24, 2020

Santander Asset Management announced it has launched a new hedge fund called Santander Patrimonio Diversificado. Its portfolio will invest in fixed income, equities, and absolute return funds. It will also…

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Pierre Andurand and His Hedge Fund Struggle in January
February 21, 2020

Pierre Andurand and his hedge fund had a tough start to the year. Andurand Capital Management shed 8% last month due to the slump in oil-and-gas commodities, according to a report…

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