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: Bridgewater Co-CIO Is Bullish on Gold Prices
January 16, 2020

Bridgewater Co-CIO Greg Jensen believes that gold prices could hit $2,000 or more. Jensen told the Financial Times this week that geopolitical uncertainty and inflationary policies could press gold at least 30%…

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Hedge Funds: BlackRock To Back Up ESG Rhetoric With Action
January 15, 2020

Change is afoot at BlackRock, the world’s largest asset manager. The firm is finally veering around to using its enormous financial and investment clout to push for climate action, according…

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Hedge Fund Alden Global Capital Offers Buyouts to Tribune Publishing Employees
January 13, 2020

Tribune Publishing buyouts are coming. And it didn’t take long for newsroom jitters to become a reality. Just two months after Alden purchased a 32% stake in the publisher, it…

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Hedge Funds: Bain to Raise Up To $7 Billion For New Long-Only, Public Equities Fund
January 13, 2020

Bain to Raise Up To $7 Billion For New Long-Only, Public Equities Fund. Alternatives investments specialist Bain Capital will be less ‘alternative’ soon after its proposed fundraise. The new fund…

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Hedge Fund Citadel Distances Itself from Ex-Employee over Illegal Trading
January 13, 2020

Hedge fund Citadel issued a statement last week that distanced itself from a former trader who profited from non-public information. Michael Mindlin worked for Citadel between June 2016 and June…

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Hedge Fund PointState Capital Blocks Investors from Withdrawing Cash in Full
January 13, 2020

PointState Capital has moved to stop investors from pulling all of their capital in full. According to an investor letter seen by Bloomberg, the company will only allow recent redemption…

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The DailyAlts Playbook – “Clown Airplanes”, Russian and Chinese-focused funds, AQR staff cuts, and Brexit Beginnings – January 10, 2020
January 10, 2020

Today, the DailyAlts Playbook talks “Clown Airplanes”, Russian and Chinese-focused funds, AQR staff cuts, Brexit Beginnings, and an offer for our new readers.

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Hedge Funds: AQR Capital is Cutting Staff… “It’s Carnage”
January 9, 2020

AQR Capital has $186 billion under management. Its $2.1 billion Style Premia Alternative Fund lost 8.2% in 2019. And now, the company is cutting its staff for the second straight…

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Hedge Funds: In 2019, More Hedge Funds Were Shuttered Than Launched
January 8, 2020

In 2019, More Hedge Funds Were Shuttered Than Launched. 2019 was the fifth year on the trot that fund closures exceeded openings. According to data from Hedge Fund Research, more…

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Hedge Funds: Neil Woodford and Craig Newman Did Just Fine Before Woodford Collapse
January 7, 2020

Neil Woodford and his CEO Craig Newman earned 9 million and 4.8 million pounds in dividends in the year leading up to the collapse of Woodford Investment Management.

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