Hedge Funds

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.

Top Story

Despite Turbulence, Hedge Funds Achieve Q2 Gains

July 10, 2020

Hedge Funds Up Amid Volatile Markets.   Hedge funds were up nearly two percent in the month of June.  This means that the industry faced its third monthly gain in a row.  Although the industry aggregate  — as measured by the HFRI Fund Weighted Composite Index — is still down, hedge funds are doing well considering…

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More Stories on Hedge Funds

Scaramucci: Trade War Holds Back Capital Expenditures

August 8, 2019

Anthony Scaramucci thanked President Trump Thursday for helping to bolster the alternative investment industry after the 2017 Jobs and Tax Cuts Act.  However, he then warned the White House that CEOs are holding back capital investment due to Trump’s erratic stance on global trade.  As a guest host on Squawk Box Thursday, the former White…

FINTRAC money laundering warning

Hoplite Capital to Shut Its Doors After 16 Years

August 8, 2019

The announcement came in a letter to shareholders after lackluster returns. John Lykouretzos will shutter Hoplite Capital and return capital to investors. The hedge fund manager addressed his decision in a letter to shareholders this week. “I have decided to close the Hoplite managed funds and return third-party capital as soon as possible,” he wrote….

Aecom-Canyon Partners

Managed Futures Funds: These Mega Bulls Could Trigger the Next Big Sell-Off

August 7, 2019

Here’s a toxic mix of factors that could trigger a self-sustaining downturn in already top-heavy markets. Trade war machinations, a bull run in stocks that is long in the tooth and a dithering Fed.
Add to this a group of hedge funds, known as managed futures funds, that have loaded to the gills with bullish bets on the market.
And these guys, $300 billion in size, are computer-driven.

Ray Dalio

Ray Dalio: Bet Both Sides of the Sino-U.S. Trade War

August 7, 2019

The Bridgewater founder told investors in an interview to bet on “both horses in the race” as global tensions heighten. Ray Dalio, the outspoken founder of Bridgewater Associates, told investors on Tuesday to invest in China as the country liberalizes its economy. Encouraging investors to bet on “both horses in the raise,” Dalio raised eyebrows…

Hedge Funds

Bill Ackman Ditches Stakes in United Technologies, ADP

August 7, 2019

Activist manager Bill Ackman walks away from two positions. Pershing Square Capital Management chief Bill Ackman is out of United Technologies (NYSE: UTX). The outspoken activist manager chose to drop his stake in the defense company instead of fighting the firm’s planned takeover of rival Raytheon Corp. (NYSE; RTN). The deal – expected to exceed…

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Alleged Hedge Fund Fraud Links Lewitt, Biden’s Brother

August 6, 2019

Two healthcare companies are suing a hedge fund manager and James Biden Accusations of hedge fund fraud are back in the headlines. A hedge fund manager and the brother of a Presidential candidate are accused of defrauding two medical companies in Tennesee. Last month, Azzam Medical Services and Diverse Medical Management filed a complaint with…

Hedge fund Fees: Element Capital Eyes 40%

August 1, 2019

Hedge fund star Jeffrey Talpins is bumping up the performance fee at his Element Capital hedge fund from the already pricey 25% to 40%. However, the fund will cut its management fee from 2.5% to 2%.

Equinox Energy Fund Implodes After Dismal Performance

July 28, 2019

Equinox Energy Fund closes after losing 85%
In a letter to investors, Equinox fund manager Sean Fieler attributes the losses to lousy stock picking and bear markets in E&P companies, Western Canadian energy prices, and small-cap energy companies.

Maarten Petermann to launch $500 million special situations fund

July 26, 2019

Petermann’s last-held position at JPM, that of European head of special situations, should be valuable experience when he runs his proposed Merlyn Advisors fund.
Merlyn is targeting $500 million in assets when it commences trading, with deployment across special situations such as M&A, spinoffs, and bankruptcies.

LSE snaps up Refinitiv for $27 billion

July 25, 2019

LSE shares surge higher on news of the deal; erstwhile Refinitiv owners will own 37% of LSE
The three-hundred-year-old London Stock Exchange Group made a massive bid to extend its reach into data by agreeing to buy Refinitiv, the global provider of data and tradi

7IM: Dramatic rise in demand for sustainable and ESG strategies

July 25, 2019

Seven Investment Management’s Sustainable Balance Fund notches up £100 million AUM
7IM’s Sustainable Balance Fund, which garnered AUM of £100 million by this week, invests in a portfolio structured around the environmental, social and governance (ESG) theme.

Hedge funds’ Investors are More ESG-Focused

July 24, 2019

A survey by BarclayHedge finds more than half of hedge fund assets next year will be invested keeping an eye on ESG factors
Environmental, social, and governance factors (ESG) will dominate hedge fund investing practices in the coming year, according to a survey of hedge fund managers and commodity trading advisors.

Point72 Asset Management Loses 20 Portfolio managers

July 23, 2019

Point72 Asset Management, once Steve Cohen’s family office, reopened to outside money in 2018. According to available information, Point72 employed about 1,400 people as of 2019.
A Wall Street Journal report said the firm has been having people problems, with about 20 portfolio managers leaving this year. Some of these departing employees had worked with Cohen for more than 10 years.

Some funds that jumped onto the ESG bandwagon, did so in name only

July 17, 2019

The gush of incoming money into ESG focused funds has prompted some funds to make cosmetic changes to qualify for the “ESG” tag
Funds focused on ESG (environmental, social and governance) factors received a record $5.5 billion in inflows from investors.

ESG funds see record inflows in H1 2019

July 16, 2019

Here’s some data for thought: In the first half of 2019, funds focused on environmental, social and governance (ESG) factors hoovered up $8.4 billion in inflows, according to data from Morningstar.
Note that in the whole of 2018, ESG inflows were $5.4 billion, itself a record.

Hedge funds’ surge in long positioning may presage a correction

July 16, 2019

Macro investing and commodity trading funds went long with a vengeance in March
According to Jason Goepfert, founder of Sundial Capital Research Inc., trend-following hedge funds swung from a 25% short positioning in March 2019 to over 50% long exposure.

Institutional Investor’s 2019 Hedge Fund Awards

June 28, 2019

Institutional Investor announced Thursday evening the Hedge Fund Industry Awards at its 17th annual awards dinner at the Mandarin Oriental in New York.
Here are some of the winners.

Hedge fund allocations chopped again, this time at the Pennsylvania SERS

June 26, 2019

The $29 billion Pennsylvania State Employees’ Retirement System has decided to reduce both its rate of return as well as allocations to hedge funds.

Why 2 and 20 Fees May Soon Be History

June 24, 2019

An unimpressive performance record, investor resistance to high fees and difficult industry conditions are squeezing hedge funds across the board. Average management fees crashed to a record low of 1.43% in the first quarter of 2018, according to Hedge Fund Research.

Caesars Takeover

Hedge Funds Bet Big on Caesars Takeover

June 20, 2019

Eldorado Resorts may soon be in the takeover saddle at Caesars Entertainment, going by the report issued by Deutsche Bank analyst Carlo Santarelli. He said the odds of the transaction coming to fruition were increasing.

Elliott Management Eyes Barnes and Noble

June 20, 2019

Activist hedge fund Elliott Management, owned by billionaire Paul Singer, may acquire book chain Barnes and Noble for $476 million, according to The Financial Times.

Why This Hedge Fund is Betting on Climate Change

June 18, 2019

Robert Gibbins’ Autonomy Capital thinks investors are ignoring the implications of climate change at their own peril

Hedge Fund Closures

Two More Hedge Funds Bite the Dust

June 14, 2019

Quant Fund Amplitude Capital AG and Sator Square Capital Management have stopped trading or shut down